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0 pointsLitFan7y ago0 comments

>(As for "food on the table", lower income people "invest" in lottery tickets. They clearly do have discretionary income.)

Low income people are desperate to get out of their situation because in a lot of cases, it's barely livable.

The information in the article shows that they're largely correct; A disproportionate amount of compensation goes to a small number of people - and that amount is so skewed that it can't possibly be based on performance.

If the system they're in appears illogical, you can't fault them for acting illogically.

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Mirioron7y ago

It's not so much about performance, but their impact (responsibility). If the CEO of a small mom and pop shop says something racist online then few people will care, but when the CEO of Papa John's said something racist 11% of the valuation of the company disappeared. That's on the order of $100 million. People might've been laid off because of this or more likely, people didn't get hired because of this.

skookumchuck7y ago

> that amount is so skewed that it can't possibly be based on performance.

Of course it can be. I'll give another example - Microsoft under Gates/Ballmer/Nadella. As an MSFT shareholder, I am very, very happy with Nadella's results and he's worth whatever he's paid.