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Hot Topic (More than 10 Replies) CEOs rake in 940% more than 40 years ago, while average workers earn 12% more (Read 176 times)
Ulysses
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CEOs rake in 940% more than 40 years ago, while average workers earn 12% more
Aug 14th, 2019 at 7:46pm
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CEOs rake in 940% more than 40 years ago, while average workers earn 12% more

Do you feel like you're ten times better off now than you were 40 years ago? If not, you must not be a CEO.

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The chasm between what the country's corporate leaders and their workers earn is widening to Grand Canyon-like proportions, according to new research that shows CEO compensation surged 940% between 1978 to 2018 while the average worker saw a meager 12% pay hike over the same 40-year period.

"CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills," economist Lawrence Mishel and research assistant Julia Wolfe said in the report from the Economic Policy Institute, a left-leaning think tank.

Depending on how it's calculated, the average pay of CEOs at the 350 biggest U.S. companies last year came to $17.2 million, the EPI research found. (Or, alternatively, about $14 million, with the smaller number valuing the stock options that make up a big chunk of CEO pay at the time they were granted rather than when they were cashed in at typically higher prices.)

Last year chief execs got $278 for every $1 a typical worker earned, according to Mishel and Wolfe. Back in 1965, top corporate chiefs earned $20 for every dollar a typical worker earned, with that ratio rising to 58-to-1 by 1989. The gap widened dramatically in the following decades, they noted, due to a shift in the 1990s and 2000s to compensate CEOs mostly with stock options, restricted shares and other incentive-based pay fueled a spike in their earnings.
  

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The D-Man
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Re: CEOs rake in 940% more than 40 years ago, while average workers earn 12% more
Reply #1 - Aug 14th, 2019 at 7:48pm
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What about workers in other countries like China and Bangladesh? Have they seen big gains in their wages over the last 40 years?

As jobs are outsourced, maybe that's where the wages are going up.
  

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Rabbit_Reborn
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Re: CEOs rake in 940% more than 40 years ago, while average workers earn 12% more
Reply #2 - Aug 14th, 2019 at 7:53pm
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Ulysses wrote on Aug 14th, 2019 at 7:46pm:
CEOs rake in 940% more than 40 years ago, while average workers earn 12% more

Do you feel like you're ten times better off now than you were 40 years ago? If not, you must not be a CEO.


I’m making infinity times more than I was 40 years ago.
  

Buddy_Love wrote on Jul 16th, 2019 at 5:17pm:
I'm fine where I am. I love America. However, you don't like America, so it's you that should leave.


Ulysses wrote on Aug 12th, 2019 at 10:00pm:
I dare you to say that to Cuomo's face.
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Gnome De Plume
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Re: CEOs rake in 940% more than 40 years ago, while average workers earn 12% more
Reply #3 - Aug 14th, 2019 at 8:12pm
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Well then, why haven't we confiscated any of it and redistributed it?
  

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Jasmine
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Re: CEOs rake in 940% more than 40 years ago, while average workers earn 12% more
Reply #4 - Aug 14th, 2019 at 8:23pm
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More crying and bitching by Ulysses. Rich people are baaaaaaaadddddd!!!
  


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Gnome De Plume
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Re: CEOs rake in 940% more than 40 years ago, while average workers earn 12% more
Reply #5 - Aug 14th, 2019 at 8:26pm
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Jasmine wrote on Aug 14th, 2019 at 8:23pm:
More crying and bitching by Ulysses. Rich people are baaaaaaaadddddd!!!

What's triggering Fredo now?

Rich people.
  

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Ulysses
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Re: CEOs rake in 940% more than 40 years ago, while average workers earn 12% more
Reply #6 - Aug 14th, 2019 at 8:32pm
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Jasshole and Burp can't handle the truth.

Nothing new there.
  

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Seawolf
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Re: CEOs rake in 940% more than 40 years ago, while average workers earn 12% more
Reply #7 - Aug 14th, 2019 at 8:38pm
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I am still trying to find out why you feel you have any say about how a PRIVATE business invests.
  

"Without morals a republic cannot subsist any length of time; they therefore who are decrying the Christian religion, whose morality is so sublime and pure (and) which insures to the good eternal happiness, are undermining the solid foundation of morals, the best security for the duration of free governments."

Charles Carroll, signer of the DOI
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Jasmine
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Re: CEOs rake in 940% more than 40 years ago, while average workers earn 12% more
Reply #8 - Aug 14th, 2019 at 8:47pm
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Seawolf wrote on Aug 14th, 2019 at 8:38pm:
I am still trying to find out why you feel you have any say about how a PRIVATE business invests.

It's because he's a socialist through and through.
  


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Ulysses
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Re: CEOs rake in 940% more than 40 years ago, while average workers earn 12% more
Reply #9 - Aug 14th, 2019 at 9:04pm
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Seawolf wrote on Aug 14th, 2019 at 8:38pm:
I am still trying to find out why you feel you have any say about how a PRIVATE business invests.


I am still trying to find out why you are not aware of what "Publicly held corporation" means.
  

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