[ExI] Efficiency of algorithmic trading

[Jones Murphy]

No, Spike. Wealth concentration does matter, a lot. If it goes to
sufficiently high record levels as it has in the US, it crushes upward
mobility, as it has in the US. People shouldn't just be compared with
people at their income/wealth level, because you do not get a sense of
how rigidly stratified a society is until you look at
intergenerational upward mobility. The fact that CEO:worker pay in the
US has rocketed out of the range of other prosperous countries
post-Reagan, and out of America's own historical ranges, while
long-term average econonic growth has slowed and become more volatile,
is not an encouraging indicator for this kind of extreme inequality.

2011/4/30 spike <spike66 at att.net>:
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> From: extropy-chat-bounces at lists.extropy.org
> [mailto:extropy-chat-bounces at lists.extropy.org] On Behalf Of Mr Jones
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> …That's it's reasonable for CEO's to make over a thousand times an avg.
> worker?  …
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> That isn’t the real question.  Better: What is the ratio of the CEO’s pay
> compared to the average CEO?  And what is the ratio of the pay of the worker
> compared to the average worker?
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> spike
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