There has been a lot of talk in the Great Recession about Executive Compensation and the slow growth of mid and lower income salaries over the past 40 years.
And, of course, in the run up to the Great Recession, the Go Go 90s, all the talk was about the long hours and the missing weekends and the vacations that weren’t taken.
And now the unemployment rate and the low labor force participation rate.
So, (lots of money to people at the top) + (long hours for everyone in the bull pen) = (not enough jobs) + (superstressed out people who have jobs)
I will simply never believe anyone is worth an 8-figure salary. 🙂