I am agnostic on whether CEOs are overpaid but to imply that inequality impoverishes workers is not true. The conflation of inequality with suffering is simply not logical.https://twitter.com/BrentWelder/status/1030847965517279233 …
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Don't know what you mean by "material utility." Humans certainly compete for status. But an increase in the compensation of CEOs does not impoverish me, you, or poor people. Plus as @PJORourke once said, "wealth is not a pizza." Bigger shares for some doesn't mean less for others
I mean the material living standards that economists love to rhapsodize about. Status is more not a footnote effect. More inequality = more layers. More social layers between bottom and top = more stress at bottom.
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