And the rich get richer

 Posted by at 10:25  economy, Politics
Jul 062013
 

If this doesn’t get your dander up, I honestly do not know what will (other than Republicans, of course)…

CEOs Make 273 Times the Average Worker

If you’re the CEO of a major company today, you make, on average, about 273 times more than the average worker. That’s according to a recent analysis by the Economic Policy Institute (EPI) of the CEO-to-worker pay ratio at top 350 firms. The average pay, EPI found, was $14.1 million in 2012, up 12.7 percent from 2011.

That’s a big change from a half-century ago. In 1965, the CEO-to-worker pay ratio was about 20-to-1, but it grew over the next three decades, and that growth picked up speed in the ’90s. It peaked in 2000 before the early 2000s recession, with a CEO-to-worker pay ratio of 383.4-to-1. It hit a lesser peak again in 2007, before the Great Recession, with a ratio of 351.3-to-1. During the recovery, CEO pay has been climbing upward once more. At the same time, for most Americans, wages have remained stagnant at best.

I mean, come on, most of these guys can’t even throw a football!