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by Sone7
3370 days ago
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I think you've missed the point, a couple times. First, the EPI weren't trying to find the "average worker to CEO" pay, they were examining trends to determine how well the top 1 and 0.1 percent were doing in 2014. Second, the article is blaming the largest and most successful companies and using their average wage to make their point - while making no attempt to account for or mention the CEO getting paid as much as 300 or more workers. This is a pretty gross mistake, and I find it disturbing that the HBR could spread bullshit like this. Third, a study that looks at the top 350 firms' ratio of CEO to worker pay is in this case :more: relevant than the average of all companies, as the article is talking about :the largest companies:. What I want to know is, why are so many people trying to make an issue of the EPI study I referenced, when the HBR article is riddled with basic, glaring errors and ludicrous claims? |
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Yes, them using the mean wage at those companies is inaccurate. They should probably be using median instead.