Surfing the brink of chaos

Pricing Lives

November 2nd, 2009 marc Leave a comment Go to comments

ceo pay rationHow is it that we come to accept as natural, wage differentials in which some few human beings receive 200% to 400% more compensation for their labors than most others? In the past, the “Divine Righs” of kings was sufficient explanation. Today, we are told the difference is merit-based.  People who are paid 400% more, work 400% harder or are 400% smarter. In some way, they are our betters — the “best of the best”. The.Guardian.co.uk quotes Lord Griffiths, vice-chairman of Goldman Sachs International as saying The British public should “tolerate the inequality as a way to achieve greater prosperity for all”, He must mean that if we tolerate 400% inequality, we will realize 400% more prosperity. Get up close and personal with your “betters” here: “Pay at the Top“.

  1. mike overstreet
    November 9th, 2009 at 23:15 | #1

    I’m a week late to the party, but you mean 400X (or 40,000%). Doesn’t take away from your point.

  2. November 11th, 2009 at 02:34 | #2

    You are correct! Adds impact, does it not?

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