SYNDICATED COLUMN: Zuckerberg’s Pay: $6,000 a Minute
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High Salaries Impossible to Justify Income inequality isn’t an abstraction. It’s real. It takes money out of your pocket. It reduces your ability to pay your bills, to take a vacation, to send your kid to college. Income is a zero-sum game. If you work for a company that employs 1000 workers, the decision to pay $10 million a year to the CEO reduces each of the other employees’ paychecks by an average of $10,000 a year. Until recently Americans tended to accept the argument that seven- and eight-digit salaries were justified by the value top executives added to the bottom line. Visionaries like Bill Gates and Steve Jobs earned billions in profits for shareholders. They were entrepreneurs. They took risks that changed the world. They deserved to rake in the rewards. People began reassessing this view after the collapse of global capitalism which began in 2008 and–despite the Obama Administration’s desperate attempts to cook the unemployment numbers–continues to spin…
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