I have been a longtime reader of Fred Wilson's blog, AVC. Over the years, it has started to become one of my favourite reads and I look forward to his posts on a daily basis. His recent post, Capitalism and Inequality, stuck with me for different reasons than usual though. It succeeded as a thought provoking piece, but I felt it missed the mark.

As an example, take the remarkable closing credits of the 2010 comedy The Other Guys. In particular, the animation that records the exponentially growing salary ratio of CEO to average employee:

• In 1921, the credits list the ratio as 9:1.
• By 2010 the ratio was 319:1.

If the average CEO salary has multiplied over 35 times between 1921 - 2010, how many times has the average employee's salary multiplied?

Executives* have within their immediate power, the ability to address the inequality of that 319-1 pay ratio. The inability or unwillingness to do so is immoral.

*I use the term 'executives' to represent those with power. They could be founders, CEOs, C-level executives, board members, investors or similar.