"It used to be that in the 1950s, 60s, and 70s, CEOs made 3.3 times what a top 0.1% earner made. Now, it's more than six times," says Mishel. "CEOs now are making 351 times that of a typical worker, but back in 1978, it was only 31 times. In 1989, it was 61 times."
And it's not just CEOs. IMO there should be federal guidelines that total compensation in public companies should be more fairly distributed, ie, executive staff can only make X times more than average worker pay. But you know what companies would do, right? They'd fire all the employees, setup mini companies to employ the workers, and bypass the regulations.
"It used to be that in the 1950s, 60s, and 70s, CEOs made 3.3 times what a top 0.1% earner made. Now, it's more than six times," says Mishel. "CEOs now are making 351 times that of a typical worker, but back in 1978, it was only 31 times. In 1989, it was 61 times."
And it's not just CEOs. IMO there should be federal guidelines that total compensation in public companies should be more fairly distributed, ie, executive staff can only make X times more than average worker pay. But you know what companies would do, right? They'd fire all the employees, setup mini companies to employ the workers, and bypass the regulations.