Comment on Games industry layoffs not the result of corporate greed and those affected should "drive an Uber", says ex-Sony president

apfelwoiSchoppen@lemmy.world ⁨3⁩ ⁨months⁩ ago

C-Suite pay precludes equitable worker pay. They are always lying through their teeth.

The fact that CEO compensation has grown far faster than the pay of the top 0.1% of wage earners indicates that CEO compensation growth does not simply reflect a competitive race for skills (the “market for talent”) that also increases the value of highly paid professionals more generally. Rather, the growing pay differential between CEOs and top 0.1% earners suggests the growth of substantial economic rents (income not related to a corresponding growth of productivity) in CEO compensation. CEO compensation, it appears, does not reflect the greater productivity of executives but the specific power of CEOs to extract concessions.

www.epi.org/publication/ceo-pay-in-2021/

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