There’s been a barrage of discussion about shareholder value and CEO compensation vis-à-vis lower-level employees in recent years, and what to do about the rising disparity. On a more macro level, the debate over economic and income inequality is sweeping the nation, with poverty at levels not seen since the Great Depression and the super-wealthy becoming ever-wealthier.
Now a recent best-seller on the subject by a French economist, Thomas Piketty, proposes a solution on a global scale. Yet in an upcoming issue of Forbes, one author thinks Piketty’s argument is the real problem.