Nobody seems to care about the likelihood of social unrest as a result of neoliberal policies.
Athletes and movie stars have long been overpaid, but now they have been overshadowed by the greedheads at various corporations. Apparently the star system is now in effect in American business:
The ever-rising pay and perks of corporate CEOs, far from being an “excess,” like a wart on the face, are the principal driver of this widening economic inequality. CEO pay quadrupled during the past 35 years, dovetailing with the increase in the incomes of the top 0.1 percent. While executives and managers comprised 60 percent of these top 140,000 taxpayers, they accounted for 70 percent of the income gain enjoyed by this super-rich stratum over the past 35 years.
Significantly, as the Post summary noted, “These are not just executives from Wall Street, either, but from companies in even relatively mundane fields such as the milk business.” In other words, it is not just a product of windfall profits in financial markets, but a phenomenon that has contaminated all of Corporate America.
"Contaminated" is right.
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