(12-05-2017 11:43 AM)tanqtonic Wrote:  As I said Lad, the comparison of CEO salary to a 'normal' salary is a valid discussion topic. Problem it has no bearing or impact on a supply/demand/price issue for the labor market as a whole.

And the discussion of what you state as 'jobs being more complex' is actually a discussion of the progression over time of what a 'normal job' is -- that has changed from "high school diploma", to "college degree", to "practical knowledge college degree" (i.e. STEM or accounting) just from the mid 1950's.

What was considered a top level salary entree in the mid 70's (college degree) only just gets you in the door along with tens of millions of others at this point. So given that upward increase in supply of college degreed candidates, it really stands to common sense that that increase in supply will translate to downward salary pressure.

You mean there are lots of people with degrees working in Starbucks? How unfair. let's pass a law requiring them to get the same pay as all the other college grads. They must be compensated for their knowledge of Art History and Sociology.