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But he insisted most Americans are benefiting from the economic expansion.
"What's been happening in the United States for about 20 years is [a] long-term trend to differentiate compensation," Mr. Snow said... "Look at the Harvard economics faculty, look at doctors over here at George Washington University...look at baseball players, look at football players. We've moved into a star system... Across virtually all professions, there have been growing gaps."
Mr. Snow said the same phenomenon explains why compensation for corporate chief executive officers has climbed so sharply. "In an aggregate sense, it reflects the marginal productivity of CEOs...
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