I see a lot of revolution and socialism vs capitalism comments here, but isn't this a not surprising finding given corporate consolidation and increase in CEO:total worker ratio?
Sure, there's debate about pro's and con's of corporate consolidation and market failures surrounding monopolies and oligopolies. But, with the increase in connectivity between regions via telecom, internet, mobile, etc; wouldn't there be an expectation of increased economies of scale from more frictionless communication?
If we note increased economies from scale for companies, it would naturally follow a CEO's wage would rise given the weight CEO's decisions when compared to results of company and number of workers affected. The CEO of walmart vs the CEO of 5 general stores would obviously change.
All I'm noting is that perhaps this is downstream of consolidation and that's the pertinent discussion, not deciding on socialism/revolution.
> I see a lot of revolution and socialism vs capitalism comments here, but isn't this a not surprising finding given corporate consolidation and increase in CEO:total worker ratio?
Sure, I guess that makes sense, except... given what corporate consolidation and increase in CEO:total worker ratio? Sure, you hear lots of news stories about mergers and worries about competition, but the likes of US Steel, GM, etc. used to have way more employees. Tech companies generally have fewer employees that comparable sized (by revenue) companies of yore. I'd sure need to see some evidence that the CEO:total worker ratio has actually increased...
Sure, there's debate about pro's and con's of corporate consolidation and market failures surrounding monopolies and oligopolies. But, with the increase in connectivity between regions via telecom, internet, mobile, etc; wouldn't there be an expectation of increased economies of scale from more frictionless communication?
If we note increased economies from scale for companies, it would naturally follow a CEO's wage would rise given the weight CEO's decisions when compared to results of company and number of workers affected. The CEO of walmart vs the CEO of 5 general stores would obviously change.
All I'm noting is that perhaps this is downstream of consolidation and that's the pertinent discussion, not deciding on socialism/revolution.