2 ms·
A lot of attention is given to CEO salary, but I see it as an indicator of more general largesse among management class. You have a massive class of dubious up
by tonymet 3y ago
A lot of attention is given to CEO salary, but I see it as an indicator of more general largesse among management class. You have a massive class of dubious upper management pulling massive salaries. Also massive, nebulous marketing budgets. And a huge increase in real estate costs (rent).
All of which act as a massive tax on consumers.
People talk about inflation in the abstract but never consider where those additional costs are going. Increased rents, management comp, marketing are all huge costs that reflect in pricing.
I’m not prescribing government oversight on costs – actually the inverse. I think the debasing of currency allows for “legitimate” corruption like this.
Until someone approaches this as a class issue rather than an economic one, it will never be recognized or addressed.