Over the past few decades, companies have made a deliberate choice to reward their management and “superstars” incredibly well, while treating ordinary workers as a cost to be minimized or cut. Top US CEOs now earn 373x the income of the average worker, up from 42x in 1980. As a result of the choices we’ve made as a society about how to share the benefits of economic growth and technological productivity gains, the gulf between the top and the bottom has widened enormously, and the middle has largely disappeared. Recently published research by Stanford economist Raj Chetty shows that for
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