Friday, November 2, 2012

The Fair Wages

Even with a average (though slowing) economy in the U.S., Robert J. Barrow (1999) points out that countries with Anglo-Saxon origin- Britain, the U.S., Australia and impertinently Zealand, argon seeing the income gap widening. While some protect channel Journal reports (2001) show that top management's salary increases are slowing, they nevertheless outpaced the rise of wages for average workers nearly tether to one. This widening gulf eliminates the thought of fair pay for favored leadership or achievement, and is oft based on the company's intention to hold on to the executives no matter what it costs.

Income inequality comes from more than than salaries. Edward Wolff (2001) points out that stock ownership and stock options are often the reason why the rich get richer and the poor do not. As Wolff indicates (p 15) substantial stock hold


The Have-nots cannot afford top colleges for their children. The Atlanta CONSTITUTION claims that income inequality hurts not merely the economy but chances for a better instruction for the masses.
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Inequality, to the lower rung of the employed is a frustrating catch-word, a feeling of helplessness. To the upper classes it is simply proof that Capitalism works.

Lublin, J. S. (April 12, 2001). " hazard Reduction: CEOs are still receiving larger pay, but they're getting richer at a slower rate" The Wall Street Journal. p. 1

Feelings of doom frustrate people from rising to higher income levels. In the New York TIMES (April 4, 1999) Sylvia Nasar clearly states that growing inequality may well create such a feeling with the knowledge that they can never rise up far large to be anywhere close to the "Have's". When such a little percent of the world
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