Busting the “Paid What You’re Worth” Myth

Greetings from western (socialist?) europe. I also notice a growing gap, albeit slowly.

I have met some people earlier in life with lower economics status and what always surprised me is that most don't want to learn or think. Tell something from basic economics and you will get mocked. It's just like they keep on smoking. I will never understand it probably

 

You need to get out more.

 

All I know is there is an insane increase in gap between a CEO and employee pay from let’s say the 1970s compared to today. The gap has grown exponentially. Why? What is different?

 

Sure! It's fine if we meet up, then I'll provide some economic advice. Preferably in a non-smoking restaurant if you don't mind

 

I prefer non-smoking too ... but with those who are self-aware.

 

%%
Good correction+ rebuke
Not sure i would agree that last line of yours, is unfair, except @ first glance.
Some make a better fortune than both by selling bottled water + energy drinks;
that's the advantage of capital markets.
But sounds like you get the main point;
capital market are not a ''fixed'' pie chart.
Capital markets are like= anyone gets to starts a bakery, except whiners LOL

 

Those that make excuses will never be successful. Laziness is a main ingredient of socialism.

 

lol

 

maybe the question is why did the gap narrow from 1920 to 1970?

you might like this page. I did.
https://en.m.wikipedia.org/wiki/Great_Compression

he’s arguing unions.

 

I don't know why I have the feeling that old traders can have bad habits...