the slightly smaller rotunda

"In the United States, the CEO of a large public company makes about 100 times as much as the average person. [] Basketball players make about 128 times as much, and baseball players 72 times as much. Editorials quote this kind of statistic with horror. But I have no trouble imagining that one person could be 100 times as productive as another. In ancient Rome the price of slaves varied by a factor of 50 depending on their skills. [] And that’s without considering motivation, or the extra leverage in productivity that you can get from modern technology."

~ Mind the Gap

26 June 2012 ·