Corporations in the Age of Inequality
I take issue with the &quot;Average Company Salary&quot; graph at the center of the article. The article claims that &quot;This means that the rising gap in pay between firms accounts for the large majority of the increase in income inequality in the United States.&quot;<p>However, when CEOs make on average 300 times more than their workers, it kinda screws up that crucial average, doesn&#x27;t it. Then there&#x27;s the other executives messing up the data. For reference, in 1965 the ratio was 20-1.<p>Between 1978 and 2014, inflation-adjusted CEO pay increased by almost 1,000%, according to a report by the Economic Policy Institute. Meanwhile, typical workers in the U.S. saw a pay raise of just 11% during that same period. Hmm.<p>It&#x27;s cute that the article lumps rent-seeking behaviour, political corruption, monopolistic practices, exploitation of the environment by a handful of massive companies, tax dodging and evasion etc. into one small paragraph that acknowledges there are other problems.<p>And it&#x27;s hilarious that the article claims that &quot;focus on education&quot; and &quot;focus on anti-trust&quot; are &quot;unique recommendations&quot; born of looking at the issue this way.<p>But to me, it smells of a deliberate attempt to shift blame. There were only a handful of protesters angry at how much Google employees get paid (Bless their hearts). But this article will reach many people, and under the surface - it&#x27;s bullshit.