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No uprising, but there has been an upwelling of CEO compensation, as nobody wants to lose their CEO due to a lack of compensation.

IIRC, it's been one of the biggest driving forces in CEO's salaries skyrocketing.

I don't think, however, that it would have a similar effect on our (i.e. employees) salaries.



It's the Lake Wobegon effect. No company wants to say their CEO is below the mean, and pay is a signal of CEO quality, so every company is always trying to pay above the mean, and so the mean inexorably rises and rises.


"I don't think, however, that it would have a similar effect on our (i.e. employees) salaries."

Why not?




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