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by trhway
3702 days ago
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>In 1983 the average CEO was paid wages equal to 50 average employees. Today the ratio is over 300:1. https://en.wikipedia.org/wiki/Minimum_wage_in_the_United_Sta... The government failed to do its job since 197x. The growing income disparity is the result of free market let run completely free by the government. It is the basic example from statistics 101 - in completely symmetric odds situation that thus looks fair at first ("free market"), the player with deepest pockets wins with higher probability. The government by not increasing minimum wage provided for much significant disparity between the "depth of pockets" and thus the resulting increasing income gap. |
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