News for hackers. Stuff that matters.

A comment on Britain Looks to Address Inequality with Executive Pay Measures. Parent comment

Re:Britain Looks to Address Inequality with Executive Pay Me... by chrisco255 on Wednesday August 30, 2017 @04:08PM (#15135537)
Is it hard to believe that economic growth is a really complex topic? That distribution of wealth does not necessarily inhibit nor stimulate economic growth? That a lot depends on a lot of factors and it's impossible to run controlled experiments on economies because no two economies, cultures, and governments are the same?
[ Parent | on HN ]
Re:Britain Looks to Address Inequality with Executive Pay Me... by ZenoArrow on Wednesday August 30, 2017 @05:04PM (#15136019)
On one level all models are wrong, but not all models are equally wrong.

Let's use a hypothetical example. Imagine I'm a car salesman, and I move to a new town with 10,000 people. Am I likely to be better off if 1% of that population can afford to buy a car or 10% of that population can afford to buy a car?

[ Parent | on HN ]
Re:Britain Looks to Address Inequality with Executive Pay Me... by ddxxdd on Thursday August 31, 2017 @03:17AM (#15138712)
10%, sure. But are you any worse off if, out of those 10%, 1% can afford a private jet?
[ Parent | on HN ]