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Re:Summers on Piketty by alexeisadeski3 on Wednesday May 21, 2014 @03:28PM (#7780225)
Neither lawyers nor fund managers are rentiers.
Re:Summers on Piketty by anigbrowl on Wednesday May 21, 2014 @06:28PM (#7781135)
You missed the point. I'm saying rentiers bid up pricing in those professions, affecting them indirectly. In the US, for example, there's a very clear bimodal distribution in legal income between graduating lawyers who go to work for large firms and who mostly do corporate law, and the others who don't. The former pays more than triple the latter, so guess where most of the talent goes.

http://www.nalp.org/salarycurve_classof2011