Larry Summers on What Business Can Do to Save the Middle Class

Companies should care about “inclusive prosperity.”

by

Walter Frick

by

Walter Frick

February 09, 2015

There’s growing recognition that CEOs are paid too much, that shareholders are pocketing too large a share of corporate profits, and that high levels of inequality are bad for economic growth. The case for paying workers more keeps getting made — again, and again, and again — and yet the gap between the rich and the rest continues to grow, within countries and companies alike.

Walter Frick is a contributing editor at Harvard Business Review, where he was formerly a senior editor and deputy editor of HBR.org. He is the founder of Nonrival, a newsletter where readers make crowdsourced predictions about economics and business. He has been an executive editor at Quartz as well as a Knight Visiting Fellow at Harvard’s Nieman Foundation for Journalism and an Assembly Fellow at Harvard’s Berkman Klein Center for Internet & Society. He has also written for The Atlantic, MIT Technology Review, The Boston Globe, and the BBC, among other publications.

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