UC Berkeley ‘Income Inequality’ Experts Are Among Wealthiest 2pc of Americans

[link to www.breitbart.com]



A new report from the California Policy Center has revealed that “income inequality” experts at the Univeristy of California at Berkeley earn more than $300,000 a year, placing them in the top 2% of all American earners.

Marc Joffe, the author of the report, contends that Berkely economists who are interested in lessening compensation inequities should consider taking a pay cut so that lower ranking university employees can receive raises.

“If UC Berkeley economists are really opposed to income inequality and are concerned about low-paid workers, they might consider sharing some of their compensation with the teaching assistants, graders, readers and administrative staff at the bottom of Cal’s income distribution,” Joffe argues.

Many have argued that academics believe that their compensation isn’t reflective of the value that they add to society. Likewise, they often believe that private sector executives are compensated far more than the value that they add to society. “I think there is an issue of jealousy that academics have toward business people. They think CEOs don’t need to make as much,” Joffe said, arguing that some academics believe their work