Career Calling

April 17, 2013

Who’s Getting Paid?

I’ve blogged recently about how most new jobs are low paid ($30,000 a year or less).  I’ve cited writers like Paul Krugman about the flatness of wages for averages workers.  Clearly, every day working people aren’t doing so well in the pay game.  Who’s winning?  CEOs.

Writing in Daily Kos, Laura Clawson examines compensation for CEOs.  In 1982, CEOs made 42 times what the average worker made.  30 years later, that ratio has increased to 354:1.  Production has continued to increase.  Where does the money go.  To the top.  This trend cannot continue without big consequences for the American economy.  Working people and the middle class drive the economy with their purchasing.  If their wages continue to be stagnant or falling, rich CEOs will have to deal with an economic crash and a country filled with very angry people.

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