Was it back in the good old days before labor unions started filling workers’ heads with these ideas of 40 hour work weeks, workplace safety and living wages? Now everyone just clamors about “distributing” not even pausing to think that maybe CEO pay has risen by over 1000% since 1978 because they’re doing a 1000% better job, and the perfectly functioning free market has rewarded them accordingly. Or maybe it’s the case that the supply of really good CEOs has contracted dramatically, and with the demand for executives being relatively inelastic, CEO wages have increased tenfold as a result, again as a result of a market that has functioned perfectly. They probably also never once stopped to consider that real income for workers during that period has only edged up by 12% because they’re only 12% more productive, and once again a perfectly functioning free market has acted accordingly.
It’s so silly for people to act like there might be structural issues contributing to this growing wealth gap, when clearly the massively growing wealth gap just demonstrates that the free market is functioning exactly as it should.