The Prof G Pod with Scott Galloway CEO Pay Gaps, Should I Quit My Job to Start My Own Business? and Why Community Colleges Matter
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Jun 20, 2025 The widening gap between CEO pay and employee wages reveals America’s shifting priorities. A 20-something grapples with the choice of stability versus chasing entrepreneurial dreams. The conversation underscores the often-overlooked significance of community colleges in providing accessible education and robust career paths. Listeners gain insight into the vital role of vocational training in addressing job shortages and driving economic growth, advocating for support of these essential programs.
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Explaining CEO Pay Inflation
- CEO pay ratios have dramatically increased from 20-30 to about 200 to 1 compared to employees since the 1960s and 70s.
- CEO pay inflation occurs via compensation committees relying on consultants and one-upping median benchmarks, causing exponential growth.
Tax Wealth to Reduce Inequality
- Instead of caps on CEO pay, implement a more progressive tax system with high marginal rates on incomes above $10 million.
- Use collected taxes to reduce deficits and invest in social programs and education to help lower-income populations.
Be Cautious About Quitting for Startups
- Don't quit a stable corporate job without a solid startup idea or co-founder and traction.
- Seek more challenging work within your company and assemble trusted advisors before making risky career moves.