FTChinese.com:
How do technology companies contribute to alleviating inequality?
21 August 2017
…More importantly, most of the wealth control of US companies is not one of the few top industries, but a few top companies. 10% of the most profitable US companies are 8 times the average profit of the average company. In the nineties of last century, this value is only three times. Those companies that are financially profitable pay high salaries to their employees, but their competitors are not able to provide the same treatment. In fact, the research results at the Institute of Labor Economics, based in Bonn, show that the pay gap between individual workers has not been due to the company since the 1970s, The pay gap between companies. Another study of the Center for Economic Performance at the London School of Economics and Political Science (LSE) shows that the pay gap between top companies and other companies is the cause of most of the pay inequality in American society.
Related publications
'Measuring Economic Policy Uncertainty', Scott R. Baker, Nicholas Bloom, Steven J. Davis, The Quarterly Journal of Economics, Vol 131, Issue 4, November 2016