Sideways Mobility

“The approach has made companies more nimble and more productive, and delivered huge profits for shareholders. It has also fueled inequality and helps explain why many working-class Americans are struggling even in an ostensibly healthy economy.” A very interesting look at inequality from the NYT Upshot: Consider the Janitors at Two Top Companies, Then and Now.

+ “A half-century ago, a top automobile executive named George Romney — yes, Mitt’s father — turned down several big annual bonuses. He did so, he told his company’s board, because he believed that no executive should make more than $225,000 a year (which translates into almost $2 million today).” When the Rich Said No to Getting Richer.

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