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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All interesting but not relevant in my view to a complain that high CEO pay (a few thousand people maybe) impoverishes workers.
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.
This actually seems like a very @EconTalker point. I wonder how much income that stress of being low on the ladder is worth. Eg would you rather make 20k in an equitable country or 30k in a highly inequitable one?
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