An Economic Tale That’s not so old
But also not so true, either
2 min readApr 24, 2023
A man who runs a large company and gives himself a $25 million bonus at the end of the year is a successful businessperson.
A man who gets a raise from minimum wage (or from some average wage) to something slightly higher is the phenomenon known as the “price-wage spiral”.
These two things are the same thing.
But, one is seen as ruining an economy, and the other is seen as “great business leadership”.