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You’re Paid What You’re Worth: And Other Myths of the Modern Economy
A myth-busting book challenges the idea that we’re paid according to objective criteria and places power and social conflict at the heart of economic analysis.
Your pay depends on your productivity and occupation. If you earn roughly the same as others in your job, with the precise level determined by your performance, then you’re paid market value. And who can question something as objective and impersonal as the market? That, at least, is how many of us tend to think. But according to Jake Rosenfeld, we need to think again.
Job performance and occupational characteristics do play a role in determining pay, but judgments of productivity and value are also highly subjective. What makes a lawyer more valuable than a teacher? How do you measure the output of a police officer, a professor, or a reporter? Why, in the past few decades, did CEOs suddenly become hundreds of times more valuable than their employees? The answers lie not in objective criteria but in battles over interests and ideals. In this contest four dynamics are power, inertia, mimicry, and demands for equity. Power struggles legitimize pay for particular jobs, and organizational inertia makes that pay seem natural. Mimicry encourages employers to do what peers are doing. And workers are on the lookout for practices that seem unfair. Rosenfeld shows us how these dynamics play out in real-world settings, drawing on cutting-edge economics, original survey data, and a journalistic eye for compelling stories and revealing details.
At a time when unions and bargaining power are declining and inequality is rising, You’re Paid What You’re Worth is a crucial resource for understanding that most basic of social Who gets what and why?
Your pay depends on your productivity and occupation. If you earn roughly the same as others in your job, with the precise level determined by your performance, then you’re paid market value. And who can question something as objective and impersonal as the market? That, at least, is how many of us tend to think. But according to Jake Rosenfeld, we need to think again.
Job performance and occupational characteristics do play a role in determining pay, but judgments of productivity and value are also highly subjective. What makes a lawyer more valuable than a teacher? How do you measure the output of a police officer, a professor, or a reporter? Why, in the past few decades, did CEOs suddenly become hundreds of times more valuable than their employees? The answers lie not in objective criteria but in battles over interests and ideals. In this contest four dynamics are power, inertia, mimicry, and demands for equity. Power struggles legitimize pay for particular jobs, and organizational inertia makes that pay seem natural. Mimicry encourages employers to do what peers are doing. And workers are on the lookout for practices that seem unfair. Rosenfeld shows us how these dynamics play out in real-world settings, drawing on cutting-edge economics, original survey data, and a journalistic eye for compelling stories and revealing details.
At a time when unions and bargaining power are declining and inequality is rising, You’re Paid What You’re Worth is a crucial resource for understanding that most basic of social Who gets what and why?
384 pages, Hardcover
First published February 16, 2021
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Displaying 1 - 18 of 18 reviews
June 19, 2021
A very important book. As a laborer, independent contractor, low paid cross country truck driver, Med tech and every other title that could be included in the underpaid essential category, reading this just reiterated what I've personally seen for decades. If we could get some upper management, CEO's, CFO's and Human Resources people to consider this essential reading in order to do their non essential jobs, that would be amazing.
March 17, 2021
Really enjoyed this read. This book takes a deep dive into wage setting standards in America and the factors that have caused the income inequality gap to increase so much from the 1970’s until now (the disappearance of labor unions, increased barriers to entry, automation, etc.) and the steps we need to take in order to correct these market inefficiencies so people have the opportunity to earn a living wage in any profession.
March 9, 2025
Required reading for every American!
Gosh, it feels like I'm saying that a lot lately ... that people in this country ought to read this or that book.
Like Poverty, by America, "You're Paid What You're Worth" dives into the realities of modern-day capitalism, or, as Yanis Varoufakis dubs it in his book Technofeudalism: What Killed Capitalism, technofeudalism.
There are so many "myths of the modern economy" that ring false the moment you hear them, and yet many of these myths have been turned into tinny little aphorisms that we ourselves end up repeating. I could spend all day quoting all this "pull yourself up by your bootstraps," "self-made man" type garbage, but the one that's on my mind now, because I feel like I've been hearing it especially often lately, is that something "is above my pay grade."
Above your pay grade? Maybe that used to mean something, in a world where financial compensation actually stemmed from merit, but these days? Many (most?) of the world's billionaires gained their wealth not by inventing something the rest of us benefit from, but by having the good fortune to have been the selected seed in their father's ejaculate.
Maybe that's too harsh. Some of them actually did generate their wealth in their lifetimes, though not on their own, but thanks to a political and economic system that's been rejiggered to benefit them exclusively.
Jake Rosenfeld's book explores all the various ways that the ruling class exploits our system to serve their own ends, and where that leaves the rest of us. If you're worried that all the data and case studies crammed into 260-some-odd pages will make for dreary reading, fear not — "You're Paid What You're Worth" moves at a surprisingly fast pace, but maybe that's just because of the importance of what Rosenfeld's saying.
Read it and join the revolution!
Gosh, it feels like I'm saying that a lot lately ... that people in this country ought to read this or that book.
Like Poverty, by America, "You're Paid What You're Worth" dives into the realities of modern-day capitalism, or, as Yanis Varoufakis dubs it in his book Technofeudalism: What Killed Capitalism, technofeudalism.
There are so many "myths of the modern economy" that ring false the moment you hear them, and yet many of these myths have been turned into tinny little aphorisms that we ourselves end up repeating. I could spend all day quoting all this "pull yourself up by your bootstraps," "self-made man" type garbage, but the one that's on my mind now, because I feel like I've been hearing it especially often lately, is that something "is above my pay grade."
Above your pay grade? Maybe that used to mean something, in a world where financial compensation actually stemmed from merit, but these days? Many (most?) of the world's billionaires gained their wealth not by inventing something the rest of us benefit from, but by having the good fortune to have been the selected seed in their father's ejaculate.
Maybe that's too harsh. Some of them actually did generate their wealth in their lifetimes, though not on their own, but thanks to a political and economic system that's been rejiggered to benefit them exclusively.
Jake Rosenfeld's book explores all the various ways that the ruling class exploits our system to serve their own ends, and where that leaves the rest of us. If you're worried that all the data and case studies crammed into 260-some-odd pages will make for dreary reading, fear not — "You're Paid What You're Worth" moves at a surprisingly fast pace, but maybe that's just because of the importance of what Rosenfeld's saying.
Read it and join the revolution!
November 26, 2024
Jesus how infuriating. We all know that Americans are grossly underpaid and underrepresented in our company's interests. We know that income inequality is growing more and more ridiculous & that only shareholders are seeing anything from all of this supposed economic growth. We know that Congress doesn't care about that because they ARE the shareholders & so are their donors. But seeing all of that laid out with specific legislation and a timeline of changes is still so insane. This has all been intentional and has all taken place alongside the demonization of those that are "living off the system" and just need to pull themselves up by the bootstraps. They'll call someone a job hopper or say that no one wants to work anymore. They'll say unions are greedy or that we need to blame undocumented workers.
This whole book is basically oh wow that should be illegal. It's a free market for companies and anything but for the workforce. We simply cannot continue to boast about our economy while ignoring that it's all coming from wringing every penny from the employees or whatever unlucky company was last bought out by private equity.
I will say I really struggled with the first few chapters, and nearly didn't continue. I just don't think Rosenfeld was as clear leading us into this discussion as he was once we were there. But man am I glad I pushed through.
This whole book is basically oh wow that should be illegal. It's a free market for companies and anything but for the workforce. We simply cannot continue to boast about our economy while ignoring that it's all coming from wringing every penny from the employees or whatever unlucky company was last bought out by private equity.
I will say I really struggled with the first few chapters, and nearly didn't continue. I just don't think Rosenfeld was as clear leading us into this discussion as he was once we were there. But man am I glad I pushed through.
April 13, 2025
An early venture for me into structured thinking about wages and labor markets. I think Rosenfeld provided some excellent frameworks and background, for instance, I think I’ll be carrying with me the mental model of: power, inertia, mimicry and equity. I appreciated that he was using some of his own research which I think added a lot of color.
I think the book’s organization wasn’t ideal for me. Generally, I become wary when I have to try especially hard to sift between the author’s (informed) opinion vs. what they’re providing as fact—which is probably how I felt reading this. I tend to be extra guarded and skeptical.
In particular, I struggled with what felt like a one-sided discussions about shareholder capitalism, collective bargaining, and fissuring, but that could be my own new-ness to the fields.
Overall, the book created more questions for me than I knew I had which I think is a big positive! And the author felt earnest and well-informed which is appreciated. I’m excited to learn more!
I think the book’s organization wasn’t ideal for me. Generally, I become wary when I have to try especially hard to sift between the author’s (informed) opinion vs. what they’re providing as fact—which is probably how I felt reading this. I tend to be extra guarded and skeptical.
In particular, I struggled with what felt like a one-sided discussions about shareholder capitalism, collective bargaining, and fissuring, but that could be my own new-ness to the fields.
Overall, the book created more questions for me than I knew I had which I think is a big positive! And the author felt earnest and well-informed which is appreciated. I’m excited to learn more!
This entire review has been hidden because of spoilers.
July 21, 2022
This book is legitimately just more proof that the economic systems in place in the states are not some law of nature that exists and has to in order to maintain equilibrium but rather a fictional reality that allows rich people to stay richer! Would ya look at that. Land of the free (that are far and few <3)
May 16, 2021
Insightful. I agree with most of the ideas presented here.
As a book, it was quite disconnected. It was a lot of facts and conclusions, but they did not feel as strung together.
As a book, it was quite disconnected. It was a lot of facts and conclusions, but they did not feel as strung together.
November 7, 2021
Kind of a strange book! It reads a bit like someone's dissertation and, maybe due to it's myth-busting premise, doesn't always have a totally coherent message other than workers should be paid more. Starts with 4 elements that affect workers' pay: power, inertia, mimicry, and equity.
There is some interesting original research cited using survey data of workers and pay-setters (HR etc) about why workers are paid what they are (as individuals and in particular roles).
Would've loved it to go deeper into analysis about power and some of the cross-country comparisons. Raises some interesting questions about productivity and how impossible it is to measure individual performance. Other lessons include importance of information symmetry, like knowing the boss's financials, when bargaining over pay, how relative differences between coworkers' pay can undermine class solidarity (even more than an overpaid boss), and how fucked up stock buybacks are.
There is some interesting original research cited using survey data of workers and pay-setters (HR etc) about why workers are paid what they are (as individuals and in particular roles).
Would've loved it to go deeper into analysis about power and some of the cross-country comparisons. Raises some interesting questions about productivity and how impossible it is to measure individual performance. Other lessons include importance of information symmetry, like knowing the boss's financials, when bargaining over pay, how relative differences between coworkers' pay can undermine class solidarity (even more than an overpaid boss), and how fucked up stock buybacks are.
May 23, 2026
《**You're Paid What You're Worth: And Other Myths of the Modern Economy**》（中譯暫名：《你拿多少薪水就值多少身價：以及其他關於現代經濟的迷思》）是由美國華盛頓大學聖路易斯分校的社會學教授傑克·羅森菲爾德（Jake Rosenfeld）於 2021 年出版的經濟社會學重磅著作。
這本書大膽挑戰了主流經濟學的核心信條——也就是「**邊際生產力理論**」（認為市場是完全客觀且公平的，你的薪水多寡，正反映了你為公司創造了多少價值）。羅森菲爾德透過大量的數據、歷史演變與社會學視角，揭開了薪資背後的殘酷真相：**決定你薪水數字的，往往不是你的實力，而是權力角逐、制度慣性與盲目模仿的結果。**
以下為您整理本書的**核心精華大意**與**代表性例句分析**。
---
### 一、 本書精華大意
#### 1. 核心論點：打破「薪資即身價」的市場神話
羅森菲爾德指出，現代社會普遍有一種迷思，認為如果某人年薪百萬美元、而另一個人領著基本工資，那一定是前者的經濟貢獻高出後者數百倍。然而，**「工作績效」與「職位價值」的評估本質上是高度主觀的**。你怎麼去衡量一個警察、一個小學老師、或一個記者的邊際產出？當客觀評估不可能做到時，薪資數字就變成了各方利益博弈的「政治」結果。
#### 2. 決定薪資的四大核心驅動力（Four Dynamics）
當「市場效率」無法解釋薪資差距時，羅森菲爾德提出了四個真正決定誰能拿多少錢的社會學機制：
* **權力（Power）：** 這是最關鍵的因素。資方與勞方誰的談判籌碼大（例如是否有工會支持、法律是否偏袒企業），誰就能在薪資談判中勝出。
* **慣性（Inertia）：** 組織內部有一種歷史慣性。某個職位去年拿多少錢，今年通常就照舊或微調，這純粹是「因為過去一向如此」，而非這個職位的當下價值改變了。
* **模仿（Mimicry）：** 企業在制定薪資時，往往不是計算員工的產出，而是看「競爭對手給多少」。這種盲目的「跟風模仿」，導致了某些行業（如金融高管）的薪水同步呈現不合理的集體通膨。
* **公平訴求（Demands for Equity）：** 員工對「公平」的心理認知。當員工強烈感受到不公時，可能引發離職、怠工或集體抗議，這也會反向迫使雇主調整薪資結構。
#### 3. 現代經濟的薪資三大迷思（Myths）
* **迷思一：CEO 的天價薪水是因為他們無可替代。**
* *真相：* 高管天價薪酬是 1980 年代後「股東至上主義」和高管薪酬委員會相互分贓、盲目模仿同業的畸形產物，而非他們的個人生產力突然飆升了數百倍。
* **迷思二：低薪勞工之所以窮，是因為他們不努力或缺乏技能（人力資本不足）。**
* *真相：* 近幾十年來，美國基層勞工的生產力一直在穩定提升，但他們的薪水卻停滯不前，這是因為法律對工會的打壓、競業禁止條款的濫用，削弱了基層的談判權力。
* **迷思三：薪資保密制度（Pay Secrecy）能保護隱私、維持公司和諧。**
* *真相：* 薪資保密是資方用來隱瞞剝削、分化員工、抑制整體薪資上漲的完美工具。
#### 4. 羅森菲爾德的解方
要解決如今日漸失控的貧富差距與薪資不平等，不該期望「市場自動修正」，而是要透過**體制和政策的重組**：振興新型態的勞工運動、提高法定最低工資、立法推動「薪資透明化」，並重新將利潤與基層員工的薪水掛鉤。
---
### 二、 代表性例句與分析
以下摘錄書中的核心觀點及他用來挑戰現代薪酬機制的代表性例句：
#### 1. 關於「誰拿多少、為什麼」的核心提問
* **英文原句：** `"The answers lie not in objective criteria but in battles over interests and ideals."`
* **中文翻譯：** 答案並不存在於客觀的標準中，而存在於利益與理念的爭奪戰中。
* **大意分析：** 羅森菲爾德開門見山地指出，你的薪水不是由計算機算出來的，而是由社會衝突決定的。什麼樣的工作算「有價值」？律師為什麼比教師更值錢？這從來就不是純經濟學問題，而是社會權力分配的結果。
#### 2. 關於「天價高管薪酬」的真相
* **英文原句：** `"There is nothing inevitable about our present moment of skyrocketing inequality... We as a country made a series of decisions to get us to where we are."`
* **中文翻譯：** 我們眼下這種狂飆的不平等現象，絕非什麼不可避免的經濟規律……作為一個國家，是我們自己做出了的一系列決定，才讓我們走到了今天這一步。
* **大意分析：** 他駁��了「不平等是科技進步或全球化必然結果」的說法。高管與基層薪資差距拉大到數百倍，是因為政府修改了法規、放任工會解體、改採向富人傾斜的政策所導致的人為結果。既然是政策造成的，就可以透過政策逆轉。
#### 3. 關於基層勞工被剝奪的談判權
* **英文原句：** `"It's been a decades-long process of employers gaining more and more power over pay-setting, with many employees relegated to accepting whatever amount their bosses offer."`
* **中文翻譯：** 這是一個長達數十年的過程：雇主在薪資設定上掌握了越來越大的權力，而許多員工則被降格到只能被動接受老闆施捨的任何金額。
* **大意分析：** 當工會消亡、跨國企業大到能壟斷地方勞動市場（Monopsony 買方壟斷）時，所謂的「自由市場談判」就成了空話。普通勞工失去了說「不」的權力，只能任人宰割。
#### 4. 關於「薪資保密」如何成為資方的武器
* **英文原句：** `"Pay secrecy serves to block the claims-making abilities of workers; you can't fight for a fair wage if you don't know what your peers are making."`
* **中文翻譯：** 薪資保密制度阻礙了員工爭取權益的能力；如果你連同事賺多少都不知道，你根本無法為自己爭取合理的薪水。
* **大意分析：** 羅森菲爾德大力倡導薪資透明。他認為，資方最害怕的就是資訊對稱，因為一旦打破黑箱，原本靠「權力與模仿」建立的不合理薪酬結構就會徹底暴露，進而引發員工強烈的「公平訴求」。
---
### 三、 總結
傑克·羅森菲爾德在《You're Paid What You're Worth》中送給所有打工人的最大啟示是：**不要因為薪水低而感到自卑，也不要因為別人薪水高就盲目崇拜。**
這本書撕下了人力資源部門（HR）常用的「市場行情」、「客觀績效評估」等看似專業的偽裝。它讓我們明白，爭取合理的薪酬，本質上不是一場「提升自我」的個人修煉，而是一場重新奪回發言權、打破體制黑箱的**權力爭奪戰**。
這本書大膽挑戰了主流經濟學的核心信條——也就是「**邊際生產力理論**」（認為市場是完全客觀且公平的，你的薪水多寡，正反映了你為公司創造了多少價值）。羅森菲爾德透過大量的數據、歷史演變與社會學視角，揭開了薪資背後的殘酷真相：**決定你薪水數字的，往往不是你的實力，而是權力角逐、制度慣性與盲目模仿的結果。**
以下為您整理本書的**核心精華大意**與**代表性例句分析**。
---
### 一、 本書精華大意
#### 1. 核心論點：打破「薪資即身價」的市場神話
羅森菲爾德指出，現代社會普遍有一種迷思，認為如果某人年薪百萬美元、而另一個人領著基本工資，那一定是前者的經濟貢獻高出後者數百倍。然而，**「工作績效」與「職位價值」的評估本質上是高度主觀的**。你怎麼去衡量一個警察、一個小學老師、或一個記者的邊際產出？當客觀評估不可能做到時，薪資數字就變成了各方利益博弈的「政治」結果。
#### 2. 決定薪資的四大核心驅動力（Four Dynamics）
當「市場效率」無法解釋薪資差距時，羅森菲爾德提出了四個真正決定誰能拿多少錢的社會學機制：
* **權力（Power）：** 這是最關鍵的因素。資方與勞方誰的談判籌碼大（例如是否有工會支持、法律是否偏袒企業），誰就能在薪資談判中勝出。
* **慣性（Inertia）：** 組織內部有一種歷史慣性。某個職位去年拿多少錢，今年通常就照舊或微調，這純粹是「因為過去一向如此」，而非這個職位的當下價值改變了。
* **模仿（Mimicry）：** 企業在制定薪資時，往往不是計算員工的產出，而是看「競爭對手給多少」。這種盲目的「跟風模仿」，導致了某些行業（如金融高管）的薪水同步呈現不合理的集體通膨。
* **公平訴求（Demands for Equity）：** 員工對「公平」的心理認知。當員工強烈感受到不公時，可能引發離職、怠工或集體抗議，這也會反向迫使雇主調整薪資結構。
#### 3. 現代經濟的薪資三大迷思（Myths）
* **迷思一：CEO 的天價薪水是因為他們無可替代。**
* *真相：* 高管天價薪酬是 1980 年代後「股東至上主義」和高管薪酬委員會相互分贓、盲目模仿同業的畸形產物，而非他們的個人生產力突然飆升了數百倍。
* **迷思二：低薪勞工之所以窮，是因為他們不努力或缺乏技能（人力資本不足）。**
* *真相：* 近幾十年來，美國基層勞工的生產力一直在穩定提升，但他們的薪水卻停滯不前，這是因為法律對工會的打壓、競業禁止條款的濫用，削弱了基層的談判權力。
* **迷思三：薪資保密制度（Pay Secrecy）能保護隱私、維持公司和諧。**
* *真相：* 薪資保密是資方用來隱瞞剝削、分化員工、抑制整體薪資上漲的完美工具。
#### 4. 羅森菲爾德的解方
要解決如今日漸失控的貧富差距與薪資不平等，不該期望「市場自動修正」，而是要透過**體制和政策的重組**：振興新型態的勞工運動、提高法定最低工資、立法推動「薪資透明化」，並重新將利潤與基層員工的薪水掛鉤。
---
### 二、 代表性例句與分析
以下摘錄書中的核心觀點及他用來挑戰現代薪酬機制的代表性例句：
#### 1. 關於「誰拿多少、為什麼」的核心提問
* **英文原句：** `"The answers lie not in objective criteria but in battles over interests and ideals."`
* **中文翻譯：** 答案並不存在於客觀的標準中，而存在於利益與理念的爭奪戰中。
* **大意分析：** 羅森菲爾德開門見山地指出，你的薪水不是由計算機算出來的，而是由社會衝突決定的。什麼樣的工作算「有價值」？律師為什麼比教師更值錢？這從來就不是純經濟學問題，而是社會權力分配的結果。
#### 2. 關於「天價高管薪酬」的真相
* **英文原句：** `"There is nothing inevitable about our present moment of skyrocketing inequality... We as a country made a series of decisions to get us to where we are."`
* **中文翻譯：** 我們眼下這種狂飆的不平等現象，絕非什麼不可避免的經濟規律……作為一個國家，是我們自己做出了的一系列決定，才讓我們走到了今天這一步。
* **大意分析：** 他駁��了「不平等是科技進步或全球化必然結果」的說法。高管與基層薪資差距拉大到數百倍，是因為政府修改了法規、放任工會解體、改採向富人傾斜的政策所導致的人為結果。既然是政策造成的，就可以透過政策逆轉。
#### 3. 關於基層勞工被剝奪的談判權
* **英文原句：** `"It's been a decades-long process of employers gaining more and more power over pay-setting, with many employees relegated to accepting whatever amount their bosses offer."`
* **中文翻譯：** 這是一個長達數十年的過程：雇主在薪資設定上掌握了越來越大的權力，而許多員工則被降格到只能被動接受老闆施捨的任何金額。
* **大意分析：** 當工會消亡、跨國企業大到能壟斷地方勞動市場（Monopsony 買方壟斷）時，所謂的「自由市場談判」就成了空話。普通勞工失去了說「不」的權力，只能任人宰割。
#### 4. 關於「薪資保密」如何成為資方的武器
* **英文原句：** `"Pay secrecy serves to block the claims-making abilities of workers; you can't fight for a fair wage if you don't know what your peers are making."`
* **中文翻譯：** 薪資保密制度阻礙了員工爭取權益的能力；如果你連同事賺多少都不知道，你根本無法為自己爭取合理的薪水。
* **大意分析：** 羅森菲爾德大力倡導薪資透明。他認為，資方最害怕的就是資訊對稱，因為一旦打破黑箱，原本靠「權力與模仿」建立的不合理薪酬結構就會徹底暴露，進而引發員工強烈的「公平訴求」。
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### 三、 總結
傑克·羅森菲爾德在《You're Paid What You're Worth》中送給所有打工人的最大啟示是：**不要因為薪水低而感到自卑，也不要因為別人薪水高就盲目崇拜。**
這本書撕下了人力資源部門（HR）常用的「市場行情」、「客觀績效評估」等看似專業的偽裝。它讓我們明白，爭取合理的薪酬，本質上不是一場「提升自我」的個人修煉，而是一場重新奪回發言權、打破體制黑箱的**權力爭奪戰**。
April 18, 2022
Good review of how pay is set, how pay at the top is wildly out of control, and how what we think of as "good" [masculine, union, physical labor] non-college degree jobs are not as important to attract as to improve the conditions for "bad" [feminine, customer facing, caretaking] non-college degree jobs that are skyrocketing in importance and need. However, this book is very dry and doesn't come together with a compelling set of recommendations in the end.
February 1, 2024
Deeply researched and compelling. The author convincingly upends simplistic Econ 101 concepts about pay for performance and the marginal productivity of individual workers. Rosenfeld presents evidence that power imbalances in the workplace (plus the power of imitation between competitors) shape compensation decisions. Essential reading for anyone who earns a paycheck and wants to understand who gets a larger slice of the pie and why.
December 12, 2021
Extremely impressed by this book. If you're a PoliSci nerd, economist, anti-captalist or just someone who is concerned with the state of the modern labor economy, this book is for you. Jake Rosenfeld makes a powerful yet succinct statement on the issues with how modern labor is evaluated.
December 12, 2023
Theoretically and empirically strong book arguing that neither individual performance nor occupation sufficiently explain workers' pay - instead, power, inertia, mimicry, and considerations of equity do.
Read
August 8, 2021Solid summary
August 22, 2023
Outraged
February 24, 2026
Interesting but poorly written, too academic for a general audience.
April 16, 2026
it’s a good summary but doesn’t add a ton of new information.
March 28, 2024
At the heart of the problem of the income and wealth inequality is the power. Not just the power between capitalist and labor, but also between labor (CEO and minimum wage worker). Turns out that the classical invisible hands does not necessarily create a society that maximizes the society's surplus. Give it a read and you will see things differently.
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