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by polyfractal 5203 days ago
I post this link every time this topic comes up:

http://www.econtalk.org/archives/2011/11/kaplan_on_the_i.htm...

EconTalk interviewed Kaplan about this very subject. His research shows that CEO's pay has _not_ risen faster than any other "highly skilled labor", such as doctors, lawyers, etc. If you listen to the podcast, it is a very convincing set of data backing up his conclusion.

Instead, hedge fund managers are the ones that have absolutely rocketed out of the stratosphere in terms of inflating pay.

1 comments

I'm afraid you've been tricked. CEOs used to make 40-70 times as much as the average worker. Now it can be hundreds of times. All the while, revenue per dollar of CEO salary has gone down. The cat is out of the bag. Everyone who defends the status quot in regards to CEO pay is either benefiting from it (and wishes to continue) of suffering from Stockholm syndrome.