Are CEOs under-paid?

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Alan Krueger on superstars

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Sherwin Rosen on Alfred Marshall and superstars labour markets

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All get a pass from the woke on their top 0.1% membership

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What do superstar bosses add to the brew

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What Do Entrepreneurs Actually Do?

Would a “Wealth Tax” Help Combat Inequality? A Debate with Saez, Summers, and Mankiw

Would these tech giants ever have become superstars if their founders had to sell down their controlling interests years ago to pay their wealth taxes

Inequality, Productivity Stagnation and Moore’s Law | Tyler Cowen

Top income shares falling since 1950s @FairnessNZ @CloserTogether

It has become an urban legend in New Zealand that inequality is getting worse and worse.

Brian Easton adjusted the top income share database for New Zealand for the introduction of dividend imputation. This encouraged companies to distribute more dividends.

top income is adjusted for dividend imputation

Once this measurement error was corrected by Easton, there has been no increase in top income shares in New Zealand since the 1950s. It has been a slow taper at best or a flat line.

There is a wages boom from the early 1990s after 20 years of wage stagnation, a period which some people regard as the good old days.

The return of real wages growth, and strong employment growth to boot, came straight after the Ruth Richardson horror budget and the passage of the Employment Contracts Act.

Every ethnic group experienced strong income growth as well as the graphic below shows. The rich got richer and the poor got richer too.

Why do celebrities get a pass on their membership of the top 1%?

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The rise of a working rich in Australia

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Source: The World Wealth and Income Database.

Lazy Australian top 0.1% only increased their income under @AustralianLabour

Australia’s top income earners are a lazy lot. The top 0.1% only ever had a rising income share under a Labor government in the 1980s. Even the top 1% had a pretty lean time until the 1990s.

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Source: The World Wealth and Income Database.

How to show that unions & income inequality are unrelated when attempting to show a link

Fight for $15 tried to show a link between unions and rising income inequality but all it managed to show that unions went into decline several decades before inequality started to rise.

Taxman – The Beatles

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