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Thanks for informing us that wealth is directly related to effort and taking risks, now that I know the 1% is doing 99% of the labor I guess their salaries are

by krickle 14y ago

Thanks for informing us that wealth is directly related to effort and taking risks, now that I know the 1% is doing 99% of the labor I guess their salaries are reasonable. They literally are doing the work of hundrededs of people, and their compensation is totally unrelated to the better education they had, or the wealthy contacts they've made during it. Those relatively wealthy Americans should look at India and see how well-off they are in comparison, and then stop being so lazy, because it really is just that simple.

kamaal 14y ago
Labour? Work doesn't always translate to digging the earth to seed trees. There is something called as relative value, and people tend to get paid depending on how much valuable their contributions are.
- krickle 14y ago
  People tend to get paid depending on how much they can negotiate from the market, which is not exactly the same as how valuable their contributions are, and at the executive level is more related to how good their contacts are.