I think the issue is the average CEO of a major corp made 42 times the average hourly worker’s pay in 1980, and by 2000, the average CEO salary reached an unbelievable 531 times that of the average hourly worker, and today, that number is likely over a 1000 times more than the average worker.
This begs the question: If profits are up so high and the CEO's compensation went up that much, what the hell happened to the average workers pay? Why did their pay increase so little in comparison? In fact, for the past decade, pay for the average worker has been totally stagnant.
How's that work?
Why do you believe that the difference occured? Do you have a problem with the difference in increase? And what do you believe should be done?
/johnny
I think you are being a bit slow on this analysis of Pay at the Top of business and average pay @ other levels. In a lot of ways a large Corporate CEO’s job has become much, much more difficult over the last 2-3 decades due to several factors; heavy handed Gov mostly, Global competition, AGW, Geopolitics; Sarbanes Oxley, Global Lobbying, etc, etc. The supply of talent that can actually be successful as large cap public co CEO is very small just like that of a great athlete, think Mike Jordan. Now look at the average job in the US, in manufacturing where the aggregate % labor has been decreasing for 2-3 decades and more skilled mfg pro’s are available the salaries have risen slowly...mostly supply & demand, there’s a lot more.....my point is this disparate salary meme of the lying Class Warrior is much more complex than than the street level Marxist will ever discuss or much less comprehend but it is good TeeVee!