There is generally a large disparity between executive compensation and that of the average worker, but it hasn't always been that way. The authors attribute the relatively recent rise in executive pay to how effectively executives are able to harness new technologies.
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Why Has CEO Pay Grown So Much Faster Than the Average Worker's?
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While executives only make up a tiny fraction of the labor force, Frydman says that their outsize influence on pay disparity demonstrates precisely why it is so important to better understand how executives are compensated.
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