How high profits and low investment by business in R&D and workers lead to income inequality. Why the current situation is unsustainable and what can be done about it.
In this episode you’ll learn:
- Why isn’t productivity improving as quickly as in prior decades.
- Why are profits too high.
- How does CEO compensation compare to what employee make.
- Why public shareholders don’t actually own the company.
- What is the level of income inequality in the U.S. and what can be done about it.
Show Notes
As Amazon Pushes Forward With Robots, Workers Find New Roles – New York Times
Gone with the Headwinds : Global Productivity – International Monetary Fund
Too much of a good thing. Profits are too high – The Economist
Profits Without Prosperity – William Lazonick – Harvard Business Review
This One Chart Shows How Obscene CEO Pay Has Become – Fortune
CEO Pay: How Much Do CEOs Make Compared to Their Employees? – PayScale
Consumer Expenditure Survey – Bureau of Labor Statistics
The Distribution of Household Income and Federal Taxes, 2013
Capitalists, Arise: We Need To Deal With Income Inequality – Peter Georgescu – New York Times
Trends in Family Wealth 1989 to 2013 – Congressional Budget Office
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