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Thing 14

US managers are over-priced

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part of the reason behind high executive paychecks is the power this class commands--often, they sit on other companies' boards and thus have no reason to question rising paychecks as a whole (p155). plus, as a class, they have enormous political power, even for supposedly leftist parties like the Democratic Party

Chang, H. (2011). Thing 14. In Chang, H. 23 Things They Don't Tell You About Capitalism. Bloomsbury Press, pp. 148-156