I’m puzzled by executive compensation

I find it easy to understand that Dan Brown makes $22e6 a year: He writes books, people buy them. He gets paid a percentage. I can even understand that Judge Judy makes $47e6 a year: she stars in a TV show that people (effectively) pay to watch. What I can not understand is how an …

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The utility of wealth

Ubiquitous upward economic mobility is a flawed goal because wealth (and ambition) does not have the same utility for everyone. The New Yorker (where James Thurber got his start) is still one of those places one can go to to think. I was browsing it this morning and found this article titled "The Mobility Myth". …