Saturday, April 3, 2010
I wonder if it'll ever stop.
It's an interesting statistic to ponder. In the 1960s, the CEO's of major American companies took home about 25 to 30 times the wages of the typical worker. By 1980 the big company CEO fetched roughly 40 times the worker's wage. By 1990, it was 100 times. And by 2007, executives at the largest American companies received about 350 times the pay of the average employee. In other words, in many of the top corporations, the chief executive earns more every day than the average worker gets paid in a year. Yes, the gap between the haves and the have-not keeps getting wider and wider and wider. I wonder if it'll ever stop. --Jim Broede
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