Do Nice Gals Finish Last?
(NYTimes.com) — How strongly is pay linked to productivity? Conventional economic theory tells us that people earn more when they contribute more to society — competitive markets should reward intelligence, effort and innovation.
But many high earners seem disconnected from this idealized picture. Top banker bonuses soared even as bank profits tanked and public bailouts materialized. Over the last 30 years, the top 1 percent of American families seems to have increased its share of total income much faster than its share of productive contributions.
SEE ALSO
- Lenny Kravitz Maintains Rock God Status With Bubble Bath Thirst Trap And A Phone Call From Denzel Washington During Performance
- Nia Long Isn’t Happy With How The Boston Celtics Handled Ime Udoka’s Cheating Scandal
- Tyler Perry And Byron Allen Are In Talks To Acquire BET From Paramount
- Anita Baker To Embark On Nationwide Tour For The First Time Since 1995
- A Bathroom Emergency, A Baby Name Reveal — A$AP Rocky Had The Busiest Week Ever
