Thank you Professor Stiglitz! As an employee of a large corporation, I see first hand what you are describing in your book. In my case, after the employees took a 30 percent pay cut in 2004 the top executives took larger and larger bonuses leading up to our company's bankruptcy, they are still blaiming labor for their financial woes and determined to take more pay cuts. Thank you for casting light on this matter, vivre la lutte!
The Price of Inequality
Thank you Professor Stiglitz! As an employee of a large corporation, I see first hand what you are describing in your book. In my case, after the employees took a 30 percent pay cut in 2004 the top executives took larger and larger bonuses leading up to our company's bankruptcy, they are still blaiming labor for their financial woes and determined to take more pay cuts. Thank you for casting light on this matter, vivre la lutte!