I have to toss something in re: unionization and the percentage it may explain.
Executive salaries have exploded while worker salaries have stagnated. Could this be because executives by virtue of the social networks they belong to are effectively unionized? Unionization of executives is not necessarily explicit, but the executive pool is smaller and more tightly connected and therefore executives will tend to behave more like a coherent social group. The worker pool is enormous, more diverse, and far less organized with far less opportunity for "out-of-band" social connection.
I have to toss something in re: unionization and the percentage it may explain.
Executive salaries have exploded while worker salaries have stagnated. Could this be because executives by virtue of the social networks they belong to are effectively unionized? Unionization of executives is not necessarily explicit, but the executive pool is smaller and more tightly connected and therefore executives will tend to behave more like a coherent social group. The worker pool is enormous, more diverse, and far less organized with far less opportunity for "out-of-band" social connection.