Lu Guanqiu Quotes
As I see it, if the production of a factory is expanding, and workers are satisfied, it's OK for there to be a disparity. The best paid should be about three times more than the worst paid.
Kristof, Nicholas D. "Hangzhou Journal; A Chinese Capitalist Discovers the Limits of Wealth." The New York Times, The New York Times Company, 11 June 1990, p. A4.
The reason the age rave grows faster than the median is that there are some earners at the top who increase by huge amounts while the rest of the population did not grow by much. This is the same phenomenon in England that occurred in the United States in the same period, only the United States differential was even greater.
The last 5 years of the 1990s were the last of the Clinton administration where he was the principle architect of economic policies for that period. While this statement was somewhat self serving, the economic and fiscal performance of the Clinton years were astoundingly superior to those before and after.
The good jobs that support middle and upper middle class lifestyles are growing at a lesser rate than the minimum and low wage jobs.
At the time, a person earning the federal minimum wage would still be in poverty.
Lu Guanqiu was a Chinese billionaire entrepreneur, and the founder of Wanxiang Group. He was the 18th richest person in China, according to the Hurun Report China Rich List 2013, the 286th richest person in the world, and reportedly the richest person in Zhejiang Province. He was a delegate to the Chinese National People's Congress.
