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Joined: Nov 2001
Posts: 598
LoD Groupie
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LoD Groupie
Joined: Nov 2001
Posts: 598 |
Quote:
Secondly, massive wealth gaps cause social upheaval which lead to decreased opportunity. See the American gilded age and the era leading up the Great Depression. We keep needing to relearn this lesson. When CEOs make 500 times the pay of their average worker, there are problems. They certainly did not do 500 times the work regardless of how you calculate in college education.
What's this have to do with anything? We are going into a depression because our government and the average citizen do not know how to keep a budget or save money.
The average CEO does not make 500 times the average worker. I would put it maybe at 50 times more than the average worker their company, not to mention CEO's put their name and job on the line every decision they make. I'm guessing you are comparing Stan O'Neal to the person mowing the lawn outside.
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