Canada

Mortgage rates in Canada were running over 15% in 1980 and peaked at near 22% in 1981. Minimum wage was about $3.25 depending on province, about $11.76/hr in today's money. They weren't buying houses. A lot of people were absolutely slammed if they had to renew their previous 11-13% mortgage at 22%.

There's a bunch of other factors involved too. Median house size has doubled since 1970 (1200sq ft to 2600 sq ft), restrictive zoning and forcing contractors to also develop single use subdivisions puts their costs up, and promoted higher margin developments. Also, the feds and provinces have drastically reduced the construction of public housing.

it's not even CEOs as a class. It's a tiny percentage of the CEOs of the largest companies, and even the richest Canadian CEOs are chump change compared to the "globally wealthy" that have real power. The richest Canadians, who don't work as CEOs, aren't in the top 2000 global wealth.

CEO is a job. Rich people don't have jobs. They make their money by being rich, raking it in under ALL economic scenarios.

Mortgage rates in Canada were running over 15% in 1980 and peaked at near 22% in 1981. Minimum wage was about $3.25 depending on province, about $11.76/hr in today's money. They weren't buying houses. A lot of people were absolutely slammed if they had to renew their previous 11-13% mortgage at 22%.

There's a bunch of other factors involved too. Median house size has doubled since 1970 (1200sq ft to 2600 sq ft), restrictive zoning and forcing contractors to also develop single use subdivisions puts their costs up, and promoted higher margin developments. Also, the feds and provinces have drastically reduced the construction of public housing.