The UK Prime Minister has made noises about reining-in executive pay. Phil Dobbie asks Professor Steve Keen whether high executive salaries are really such a problem. If somebody can demand such a high salary shouldn’t we congratulate them and aspire to do the same ourselves. Isn’t it the politics of envy to think otherwise? Or are they distorting the economy – and perhaps the biggest influence on the value they add to the company doesn’t come from their expertise, but from elsewhere. These factors are all discussed in this FREE half hour Debunking Economics podcast, that also examines ways of fixing the problem.
To hear all the podcasts in this series pick a subscription plan in the right column of the Debunking Economics website (http://debunkingeconomics.com). Or become a patron at https://www.patreon.com/ProfSteveKeen