According to one study of people around the world, people of
different cultures, incomes, religions, and other differences show “a universal
desire for smaller gaps in pay between the rich and poor” than was the actual
case at the time of the survey in 2014.[1]
Interestingly, the respondents didn’t have a clue how much of a gap actually existed
in their respective economies. The difficulty in estimation means that the
public discourse on economic inequality has been rife with erroneous
assumptions. Where the error lies in the direction of minimizing the gap, we
can postulate that public policy allows for greater economic inequality than
would otherwise be the case.
The full essay is at "CEO/worker Pay."
1. Gretchen
Gavett, “CEOs
Get Paid Too Much, According to Pretty Much Everyone in the World,” The
Huffington Post, September 24, 2014.
