Why Aren't We Having a Middle Class Revolt?

[bobabode]

Originally Posted by finnbow

Not always. It depends on the elasticity of the supply/demand relationship. A pretty easy argument can be made that labor costs don't follow the traditional supply/demand model. For example, the ratio of CEO pay to worker pay has grown 10-20 fold in the past 40 years. Has the supply of prospective CEO's diminished by a factor of 10-20 in these years? Does a company need a good CEO 20 times as much as they did 40 years ago?

Here's a graph for ya Finn.