Question
A report from Oxfam released in January 2024pointed out that since 2019, the world's five wealthiest people have almost doubled their wealth, while nearly 5
Areportfrom Oxfam released in January 2024pointed out that since 2019, the world's five wealthiest people have almost doubled their wealth, while nearly 5 billion people have become poorer.Using data from Forbes, the report's authors calculated that the combined wealth of those five men Tesla CEO Elon Musk; Bernard Arnault of Louis Vuitton; Amazon founder Jeff Bezos; Oracle founder Larry Ellison; and investor Warren Buffett increased from $453 billion in 2019 to $869 billion as of November 2023.
Do firms overpay top managers? What do you recommend they do to stop this inequality?
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
9th Edition
978-0132146654, 0132146657, 9780273754091, 978-0273754206
