alt Hacker News> Also, have you been paying attention to median wages vs median CEO wages since the 1960s
CEO pay isn’t a good proxy for “captains of industry.” What you want to look at is the labor versus capital share of income. That’s been very stable since the 1960s: https://taxfoundation.org/blog/labor-share-net-income-within....
Clearly that's not a good proxy either then... even the article itself says:
> Ultimately, concerns over inequality should focus on differences within labor compensation rather than the split between labor and capital.
The main issues I can see are:
- This "labor share" includes multi-million dollar executive pay packages, so it's heavily skewed towards the 1%
- It also completely ignores unrealized capital gains and loans against them, which is how the ultra-wealthy actually fund their lifestyles tax-free, with a tiny income on paper