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patrickgillam

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Slowly open the eyes

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rbreich , to Random
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From 1978 to 2022, CEO pay grew by 1,209% while the typical worker's pay rose just 15%.

This explosion in CEO pay relative to the pay of average workers isn’t because CEOs have become so much more valuable than before.

They've just gamed the system to line their pockets.

patrickgillam ,
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@rbreich

As for gaming the system, I understand from a talk by Daniel Markovits that senior executives have used automation to siphon work away from middle managers, justifying less money for them and more money for the siphoners. It’s one reason people at the top burn themselves to crisps. But I have yet to read “The Meritocracy Trap” to get the full story.

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