How Huge Paychecks of CEOs and Wall Street Traders Increase Income Inequality

[xchrom]

http://www.nationofchange.org/how-huge-paychecks-ceos-and-wall-street-traders-increase-income-inequality-1336828570

***snip

Executives, and workers in finance, accounted for 58 percent of the expansion of income for the top 1 percent and 67 percent of the increase in income for the top 0.1 percent from 1979 to 2005. These estimates understate the role of executive compensation and the financial sector in fueling income growth at the top because the increasing presence of working spouses who are executives or in finance is not included.

Over the last 30 years, CEO pay has increased 127 times faster than worker pay. The average Fortune 500 CEO is now pay 380 times as much as the average worker; in 1980, those CEOs received 42 times the average worker’s pay.



*** short article

[Turbineguy]

1. They create products

to make money out of thin air. It's a lot like counterfeiting really, just legal.

[SharonAnn]

2. And the media needs to stop saying "so-and-so EARNED $300 million". They didn't earn it.

They manipulated the system to get PAID that mount.

When we use the word "earn", it implies that their work had that much value to society.

[WalletFinance]

3. CEO paychecks vs average workers for 500 of America's largest companies

This tool lets you see what 500 of America's largest companies paid their CEO and their average worker.
http://www.nerdwallet.com/markets/corporate-taxes/