back in the 50s, 60s, and 70s executive salaries and CEO salaries were way LOWER than they are now.
Just adding that to the mix of this thread. You can't argue data...
there is a "consequence" to wealth accumulation and a greater percentage of money being "funneled" to the top 1%. I will be truthful and admit I'm not a master of economics. However, there has to be a consequence and that has to relate to some of the economic problems we are having in this country.
Just sayin...
data doesn't lie and there are always ramifications for every action (good or bad)
When I had my big corporate job, it was amazing how much of company profits we funneled to executives in the way of "bonuses". There was this mentality that we execs "deserved" our bonuses because we had advanced degrees and were sitting at the top of the food chain and thus "earned it".
now, credit where credit is due, sure, when you put something together that earns the company a few million dollars extra profit then absolutely you should get a bonus. However, that was so few and far between... the reality is that a lot of executive positions are redundant or not all that relevant to the success of the company. I'd say that in my company easily 25% of the execs were a waste of space and did nothing but busy work making themselves looking important when in reality they did NOTHING. Yet those same execs got their $10k to $100k bonuses come bonus time.
So again, what is the ramification to the entire economy when almost all corporations and big businesses adhere to the above???