San Francisco, New York, Washington: Iron Triangle of Rent

This map show where the higher paid jobs in the USA were concentrated in 2016.

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CEOs: agents in turbulent monopoly markets

Gravity-defying CEO pay is not a payment for talent. It’s not looting by the executives, either. It’s the outcome of principal-agent relationship in a market where new technologies combined with regulatory dereliction have created a lot of winner-take-all situations.

More of that, and a few links, below. But first, what prompts this Continue reading