Citation needed. The only one I can accept off hand is that it reduces inequality between western workers and those in countries with less opportunities.
See the work of Branco Milanovic - the bulk of inequality in the world is across borders rather than within borders. His book is excellent: http://amzn.to/2dl3sVJ
Worrying about inequality between CXOs and their employees is also a silly distraction by politicians. Inequality in the US is mainly between firms, not within them. Inequality within Google and within Walmart has not gone up much, it's inequality between Google and Walmart that has gone up.
The "elephant graph" is the most important graph in the world of economics: https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iVkQuGtP3s2...
Citation needed. The only one I can accept off hand is that it reduces inequality between western workers and those in countries with less opportunities.
See the work of Branco Milanovic - the bulk of inequality in the world is across borders rather than within borders. His book is excellent: http://amzn.to/2dl3sVJ
Worrying about inequality between CXOs and their employees is also a silly distraction by politicians. Inequality in the US is mainly between firms, not within them. Inequality within Google and within Walmart has not gone up much, it's inequality between Google and Walmart that has gone up.
http://blogs.wsj.com/economics/2015/05/27/u-s-pay-inequality...