CEO's Make 300 Times What The Average Worker Does. How Much Is Enough?
Since the late 70's, CEO pay has climbed by about 937%, while the average worker has seen increased pay of only about 10%. Productivity has increased, and many companies are experiencing record profits, but most of it is going to the top, and little of it is being shared by the many.
I don't understand why this is okay with working Americans. It is obscenely clear that those at the bottom are being hosed, yet there are still a lot of people who resist things such as workers fighting for more pay. Companies can afford to pay better wages. They just don't want to .
Now, many people would say that this is just capitalism at work. People are rewarded and compensated based on the value of whatever they produce. But who sets those ratios and values? McDonald's and Walmart? Who decided that the CEO should get 300 times what the workers at the bottom receive? Well, those who benefit from it, of course. And it amazes me that working class Americans either don't see how badly they are being screwed, or see it and think it's just fine and dandy. There is something wrong with a system that produces so much wealth, yet only sees it siphoned by the top.
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