The London publication City A.M. just published an op-ed by Yaron Brook and me, “Inequality doesn’t matter if we’re all paid according to the value we create.”
Log on to Netflix and you can catch old episodes of Dirty Jobs, where you can watch host Mike Rowe visit plumbers, pig farmers, and steel mill workers and try his hand at some of the less sexy but utterly fascinating jobs that help make the world around us possible.
All of these people work incredibly hard, and it might raise a question in your mind – a question that is central to today’s debate over inequality: why is it that they earn far less than chief executives, investment bankers, or A-list actors?
The answer is that, in a free market, people don’t get paid for the effort they exert but for the value that they create.
Whole thing here.