Vivec <[email protected]> wrote: > The issue of the widening gap between rich and poor is a worldwide one. It > is just most noticeable and the gap is largest in the US. > But it has become a growing trend worldwide.
I definitely think it's a bad thing ... I will add something from Malcolm Gladwell. He did some analysis and has an interesting theory I'll do my best to paraphrase. In the 50s/60s most top-value athletes had side jobs in the off-season and most CEOs weren't millionaires. Then this started to change as the talented (or perceived talented) realized that the employers need them more than they needed the employers. I believe he uses Lauren Hutton as an example who drastically changed her contract. Ever since then pay for the wealthy has increased at huge rates. Certainly the corruption points Vivec made would help along this process. My addition would be that this trend coincided with things like the elimination of the gold standard, the expansion of credit, the peak of the industrial revolution, the technology revolution and creative revolutions, the fall of communism, and the explosion of emerging markets starting with Japan and Korea in the 80s. Now that all of those things are over (without many replacements ... maybe China and India), maybe we'll see some reversing as first customers, and then employers, decide that talent need them more than they need talent. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:337658 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
