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kleinbl00 · 3790 days ago · link · · parent · post: Third Bi-Weekly Give Me a Quote from Something You've Been Reading Lately
Piketty actually hit the crazytalk salary thing as well. He made the point that it evolved in the United States because our economy wasn't annihilated by WWII and we had no landed gentry sitting around. However, he also makes the point that there's no correlation between crazy f'in salaries and value or performance, and that crazy f'in salaries are more of a social divider than anything else. In other words, crazy f'in salaries exist to signify royalty, pure and simple. They need the extra incentive so that the world knows that we're serfs and they're nobles.