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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.
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Every time this number ticks up, millions of workers are impoverished. What will you do to help reverse this epidemic? #FightFor15
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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 once said, "wealth is not a pizza." Bigger shares for some doesn't mean less for others
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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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That’s attacking the strawman implication of the pay differential graphic you QTed. High pay differentials are symptomatic of large power gradients resulting in strong well-being impact at the bottom. Increasing stress and decreasing agency constitute impoverishment.
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