Labor Day reminder: CEO-to-worker pay ratio: 2009: 197-to-1 2020: 320-to-1

[riversedge]

I feel so often, it is a losing battle.

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Labor Day reminder
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CEO-to-worker pay ratio:
2009: 197-to-1
2020: 320-to-1

Federal minimum wage:
2009: $7.25
2020: $7.25

Link to tweet

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Link to tweet

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[Phoenix61]

1. I don't think it's unfair trade agreements.

I think it’s a tax code that makes it incredibly profitable for companies to move their operations over seas.

[malaise]

2. Great post

Get thee to the greatest page

[SheltieLover]

3. K&R!

[moondust]

4. In 2013

Swiss voters rejected the "1:12 initiative" that would have capped executive pay at 12 times more than the lowest paid worker in the company.

Swiss Voters Decisively Reject a Measure to Put Limits on Executive Pay

Corporations and Swiss banks probably threatened to leave or otherwise take revenge if it passed.

I kind of liked the idea. That way smaller companies would then not have to cough up the same minimum wage as megacorporations.

The current imbalance would be more justifiable if the grotesquely overpaid executives suffered proportionate punishment when the company does poorly. Instead they tend to float away on their golden parachutes while their underpaid employees stand in the unemployment line.