Has any one ever done an in depth analysis of the CEO to worker pay, because their is something not quite right with that stat that they used to only make 20 times a common worker?
in the 50s and 60s, I think it was 20-40 times average
The question is, what CEO's is the comparison based on? I've never worked for a boss who made 400 times what I do. Nor 100 times. Nor ten times. Nor even five times.
I suppose Webb may be right if you compared the Fortune 100 CEO's to the median income earner, but that's such a small number it's pretty meaningless.
And then immediately after making this point he says the dims are doing something about it. They increaed the minimum wage. Oh boy.
Then if the CEO pay gap is their measure and standard for this gross inequality, and their only action is to raise minumim wage, why didn't they raise it to $367.00 an hour so they could get closer to eliminating the CEO pay gap that exists today?