An Economic Tale That’s not so old

But also not so true, either

Anthony Andranik Moumjian

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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”.

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Anthony Andranik Moumjian

Los Angeles. Long-time runner. Top writer on Quora, 100M+ total content views. New to Medium. Inquiries: Moumj@berkeley.edu