Business leaders Quote by Arnold Kling
“I think that the main issue with inequality is not the gap between the rich and the poor. It is the gap between the earnings of top business leaders and the salaries of academics and journalists.”
About This Quote
Source Article: EconLib, “The Real Gap in Inequality”, 2019
Inequality is more about the disparity between elite executive earnings and modest wages of scholars and journalists than about rich‑poor gaps.
In simple terms: Top executives earn far more than academics and journalists.
Key Takeaway
Address wage gaps across professions.
Themes
inequality
earnings
labor market
elite pay
Mood
analytical
critical
Type
economic
political
When to use this quote
- academic salaries
- journalist pay
- CEO compensation
- policy reform
Key Concepts
income disparity
professional valuation
economic policy
Questions to Reflect On
- Should executive pay be capped?
- How to value intellectual work?
A Different Perspective
High executive pay may be justified by market forces; debate continues.
![“I call this the Fundamental Problem of Political Economy. How do we limit the power that idiots have over us? ... [Milton] Friedmans insight is that a market limits the power that others have over us; conversely, limiting the power that others have over us allows us to have markets. Friedman…” quote by Arnold Kling](https://sms4smile.com/quotes/img-quotes/100/arnold-kling-32482_better-job_i-call-this-the-fundamental-problem-of-p_1424862.jpg)
