America's CEOs Now Make 303 Times More Than Their Workers

[damnedifIknow]

A new report will make your blood boil."


The US economy is rebounding for the nation's top income earners but not for everyone else, according to a new study from the Economic Policy Institute. The study, published Sunday, finds that chief executives at the country's 350 biggest firms earned an average of $16.3 million in 2014, marking a 54.3 percent increase since 2009. Meanwhile, compensation for typical workers in the same industries as those CEOs fell 1.7 percent over the same time period.

"Those at the top of the income distribution, including many CEOs, are seeing a strong recovery, while the typical worker is still experiencing the detrimental effects of a stagnant labor market," the study's authors, Lawrence Mishel and Alyssa Davis, found.

The pay gap between CEOs and the typical worker has widened since 2009, with CEOs now making more than 303 times the earnings of workers in their industries. CEOs have made at least 120 times the earnings of typical workers since 1995."

http://www.motherjones.com/politics/2015/06/ceo-compensation-income-gap-epi-report-2014

[cascadiance]

1. We need to go back to it being 30 to 1 or less the way it was before Reagan's time...

... if we truly want to rebuild our economy and everything else that has been destroyed along with it since then!

[RadiationTherapy]

2. How the fuck does someone wake up in the morning worth 300+ million

and go to bed wondering if they can be worth 500+ million by the end of the next fiscal year? How can they be so disinterested in the lives and personal dreams of their employees?

I made those numbers up, but the mentality is unfathomable to me.

[damnedifIknow]

3. It's tough to be a CEO

Sitting in a climate controlled office until time for a round of golf at the Ritz and then back to the climate controlled office until it's time to return to your mansion can wear on a person.

How do they do it?

[marmar]

4. The Kabuki Recovery

[restorefreedom]

5. yet another reason

bernie is the man. income and wealth inequality has become obscene, and he is ready to take it on.


"Not only are we going to New Hampshire, Tom Harkin, we're going to South Carolina and Oklahoma and Arizona and North Dakota and New Mexico, and we're going to California and Texas and New York.... And we're going to South Dakota and Oregon and Washington and Michigan, and then we're going to Washington, D.C., to take back the White House! ---yaaaaaaaa!!" -- the great howard dean

[bigwillq]

6. That's just disgusting (nt)