constantino675 t1_j5mkoem wrote
this article gets posted like 8x a day.
companies have grown drastically since 1978. International commerce is huge
Fortunes largest company in 1978 was GM with 3.3billion in profit
today the largest company (by revenue) is walmart at 143billion in profit, apple was 170billion.
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The 350th largest company in 1978 was Tyco, with 8400 employees
today the 350th largest company is Air Products, with 19000 employees.
Adventurous-Text-680 t1_j5n7fsq wrote
You can just look at the s&p 500 growth and see the bullshit. Stocks grow in value, CEOs get paid mostly in stock ergo compensation has increased dramatically. Most workers don't get paid mostly in stock and likely don't want to so the compensation gap increases.
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