Carrol
-----Original Message----- From: lbo-talk-bounces at lbo-talk.org [mailto:lbo-talk-bounces at lbo-talk.org] On Behalf Of michael perelman Sent: Friday, December 03, 2010 8:13 PM To: lbo-talk at lbo-talk.org Subject: Re: [lbo-talk] Inequality on the Diamond
The Wall Street Journal says that Jeter shows that CEO's are underpaid.
Jenkins, Holman. "Jeternomics and the CEO." (1 December). http://online.wsj.com/article/SB10001424052748704679204575646591275493492.ht ml?mod=ITP_opinion_0
I submitted my post to suggest how the norms of inequality are changing; not to criticize Jeter or other athletes. The point is that one obvious result of such wage spreads is a repression of wages of working class people.
-- Michael Perelman Economics Department California State University Chico, CA 95929
530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com ___________________________________ http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk