Transport capital

There is a lot to chew on here, but this sentence really struck me:

“As for finance, there’s been no tendency for its executives’ pay to outpace that of nonfinancial executives. On the contrary: even during the bubble years of the 2000s, top 0.1% finance executives in public companies saw their pay rise by 52%, while nonfinancial executives’ rose 58%. The industries with the biggest pay hikes were not banks, but transport, restaurants, and wholesale trade.”

https://www.jacobinmag.com/2014/05/pikettys-fair-weather-friends/

This entry was posted in capital accumulation, finance and insurance, logistics, political economy, transport. Bookmark the permalink.

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