Study: CEO pay now 200 times more than a worker
Compensation for chief executives at American companies grew 15 percent in 2011 after a 28 percent rise in 2010, part of a larger trend that has seen CEO pay skyrocket over the last three decades. Workers, on the other hand, have been left behind.
Since 1978, CEO pay at American firms has risen 725 percent, more than 127 times faster than worker pay over the same time period, according to new data from the Economic Policy Institute:
From 1978 to 2011, CEO compensation increased more than 725 percent, a rise substantially greater than stock market growth and the painfully slow 5.7 percent growth in worker compensation over the same period.
In 1978, CEOs took home 26.5 times more than the average worker. They now make roughly 206 times more than workers, EPI found. The pay isn’t always tied to the performance of their businesses – as ThinkProgress has noted, CEOs at companies like Bank of America often pocket huge pay increases even as the company’s stock price plummets and jobs are cut.
As a result, American income inequality has skyrocketed, growing worse than it is in countries like Pakistan and Ivory Coast. Wealth inequality is worse than it was even in Ancient Rome. And, as pay skyrockets and tax rates fall for the richest Americans, the rising inequality has left the bottom 95 percent of Americans saddled with more debt than ever before. – thinkprogress.org
Workers’ wages aren’t tied to productivity either. Despite substantial gains in productivity since the 1970s, worker pay has remained flat. According to Labor Department data cited by the Huffington Post, inflation-adjusted wages fell 2 percent in 2011. – thinkprogress.org
Working and middle-class Americans have seen their debt balloon since the 1980s. Today, Americans owe some $704 billion in credit card debt, and more than that in both auto loans and student borrowing. CNN
- Executive Excess in the New Gilded Age (alethonews.wordpress.com)
- Maxing Out (alethonews.wordpress.com)
3 Comments »
or go to
From the Archives
By LAWRENCE Of Cyberia | December 28, 2008
There are so many words written about the “root causes” of the Arab-Israeli conflict, you might think the underlying issue is difficult to understand. But you’d be wrong. For all the mythology that interested parties want to wrap this conflict in, it’s really not difficult at all to understand the confrontation that has been going on in Palestine for more than a century now. All you have to do is try to imagine that what happened to Palestine happened instead here in the U.S. Then ask yourself, “What would Americans do in this position?”. And at that point, you find it miraculously stops being difficult to understand.
The problem with this approach is that American Exceptionalism has left us barely able to imagine being in other people’s shoes. So we explain the world to ourselves through ridiculous platitudes like we’re good and they’re evil, that actually explain nothing and leave us as confused as when we started. We just don’t do empathy very well.
But let’s try anyway. Let’s try imagining that what has been going on in Palestine for the last 100 years is going on instead here in the U.S., right now. … continue
Aletho News Original Content
By Aletho News | January 9, 2012
This article will examine some of the connections between the US and UK National Security apparatus and the appearance of the anthropogenic global warming (AGW) theory beginning after the accident at Three Mile Island. … continue
Also by Aletho News:
March 8, 2011
February 25, 2010
February 7, 2010
December 26, 2009
December 4, 2009
May 9, 2009
Visits Since December 2009
- 2,839,032 hits
Follow Aletho News on TwitterMy Tweets
4justice on ‘West must be held accountable… Anthony Clifton on NGOs Fabricating Evidence Agai… roberthstiver on Why Do “Progressives… Diaz's packed bowl on New York Times Op-Ed Openly Pr… rediscover911com on America First rediscover911com on America First roberthstiver on ‘Any Israeli Attempt to… traducteur on ‘Any Israeli Attempt to… Jerry Alatalo on Russian ambassador to UN Vital… Brian Harry, Austral… on Trump’s ISIS Plan: Another US… Brian Harry, Austral… on Saudi arms imports triple amid… Brian Harry, Austral… on Russian ambassador to UN Vital… Brian Harry, Austral… on ‘Western Media Exerting… churchillnazikilled2… on UK & Churchill Crimes Expo… rediscover911com on ‘Western Media Exerting…
- 4 dead Russian Diplomats in 3 months February 21, 2017
- Clinton to Trump: Speak out against anti-Semitic attacks now February 21, 2017
- US Confirms It Used Depleted Uranium in Syria February 21, 2017
- Russia NOT involved in ‘Montenegro coup’ February 21, 2017
- ‘West must be held accountable for Libya, apologize & leave it alone’ – Gaddafi’s cousin February 21, 2017
- Russian Lawmaker Calls US National Security Adviser McMaster ‘100% Threat’ February 21, 2017
- Why Do “Progressives” Like War? February 21, 2017
- America First February 21, 2017
- Quebec elites out of touch with rest of province on Israel February 20, 2017
- No substantive change in US rhetoric on Iran: Shamkhani February 20, 2017
- Russian ambassador to UN Vitaly Churkin dies day before turning 65 February 20, 2017
- Challenging Klobuchar on Ukraine War February 20, 2017
- US Raises Issue of INF Violation: Anti-Russian Campaign in Full Swing February 20, 2017
- Saudi arms imports triple amid Yemen campaign, US & Europe top suppliers to Mid East – report February 20, 2017
- Trump’s ISIS Plan: Another US Invasion? February 20, 2017
- ‘Western Media Exerting Financial Pressure on RT’s Advertisers’ February 20, 2017
- Are NYT Climate Alarmists Glassy-Eyed Cultists? February 20, 2017
- ‘Year of kicking Russia in the ass’: US Senator Graham urges more Russia sanctions February 19, 2017
- Why Albanians Fled Kosovo During the 1999 NATO Bombing February 21, 2017
- Political Pedophilia – An open source investigation February 20, 2017
- Saving Syria’s Children – The Worst Case Of Fake News? February 19, 2017
- How to institutionalise the world February 18, 2017
- 2017 Open Shuhada Street Hebron Schedule February 20, 2017
- 12th anniversary of the popular resistance in Bil’in February 20, 2017
- Khalil children: a candlelit vigil for the 1994 massacre February 20, 2017
- President Trump: Diplomacy and Democracy in America February 16, 2017
Looking for something?
CategoriesAletho News Civil Liberties Corruption Deception Economics Environmentalism Ethnic Cleansing, Racism, Zionism Fake News False Flag Terrorism Full Spectrum Dominance Illegal Occupation Islamophobia Mainstream Media, Warmongering Militarism Nuclear Power Progressive Hypocrite Science and Pseudo-Science Solidarity and Activism Subjugation - Torture Supremacism, Social Darwinism Timeless or most popular Video War Crimes Wars for Israel
Tags9/11 Afghanistan Africa AIPAC al-Qaeda Argentina BBC Benjamin Netanyahu Brazil Canada Central Intelligence Agency China CIA Colombia Cuba Da’esh Donald Trump Egypt EU European Union FBI Federal Bureau of Investigation France Gaza Germany Hamas Hebron Hezbollah Hillary Clinton Honduras Human rights India International Atomic Energy Agency International Solidarity Movement Iran Iraq Iraq War ISIL ISIS Israel Israeli settlement Japan Jerusalem John Kerry Latin America Lebanon Libya Mexico Middle East Military National Security Agency NATO New York Times NSA Obama Pakistan Palestine Press TV Qatar Russia Sanctions against Iran Saudi Arabia Syria The Guardian Turkey UK Ukraine United Nations United States USA Venezuela Washington Post West Bank Yemen Zionism
Contact:atheonews (at) gmail.com
This site is provided as a research and reference tool. Although we make every reasonable effort to ensure that the information and data provided at this site are useful, accurate, and current, we cannot guarantee that the information and data provided here will be error-free. By using this site, you assume all responsibility for and risk arising from your use of and reliance upon the contents of this site.
This site and the information available through it do not, and are not intended to constitute legal advice. Should you require legal advice, you should consult your own attorney.
Nothing within this site or linked to by this site constitutes investment advice or medical advice.
Materials accessible from or added to this site by third parties, such as comments posted, are strictly the responsibility of the third party who added such materials or made them accessible and we neither endorse nor undertake to control, monitor, edit or assume responsibility for any such third-party material.
The posting of stories, commentaries, reports, documents and links (embedded or otherwise) on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such posted material or parts therein.
The word "alleged" is deemed to occur before the word "fraud." Since the rule of law still applies. To peasants, at least.
This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more info go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
This is information for anyone that wishes to challenge our “fair use” of copyrighted material.
If you are a legal copyright holder or a designated agent for such and you believe that content residing on or accessible through our website infringes a copyright and falls outside the boundaries of “Fair Use”, please send a notice of infringement by contacting firstname.lastname@example.org.
We will respond and take necessary action immediately.
If notice is given of an alleged copyright violation we will act expeditiously to remove or disable access to the material(s) in question.
All 3rd party material posted on this website is copyright the respective owners / authors. Aletho News makes no claim of copyright on such material.
Site infoAletho News
Blog at WordPress.com.