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Workers Need Added Clout To Close The Pay Gap with CEOs Polls show that most Americans are outraged by sky- high CEO pay. And why shouldn't they be? A generation ago, top CEOs made 30 to 40 times the pay of average workers. Last year, CEO pay outpaced average worker pay by 344 times. In effect, the gap between worker and executive pay has multiplied an amazing tenfold since the early 1980s. How could that be? Are executives working 10 times harder than they did three decades ago? Are they 10 times smarter? Of course not. Not one iota of evidence supports that notion. Posted in Economy/Trade

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Workers Need Added Clout To Close The Pay Gap with CEOs

Polls show that most Americans are outraged by sky- high CEO pay. And why shouldn't they be? A generation ago, top CEOs made 30 to 40 times the pay of average workers. Last year, CEO pay outpaced average worker pay by 344 times.

In effect, the gap between worker and executive pay has multiplied an amazing tenfold since the early 1980s.

How could that be? Are executives working 10 times harder than they did three decades ago? Are they 10 times smarter? Of course not. Not one iota of evidence supports that notion.

Posted in Economy/Trade