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To: palmer

Years ago I read that in the 1950’s the average CEO made 25 times the average pay of the average line worker. Course this was when we actually made things, not like now when moving paper around seems to be the main source of income.

I am interested in finding out if the ratio I remember was accurate and what the ratio is at this time. 300 times, 1000 times, what is your guess and where would such numbers be kept, if they are at all? I really don’t care what the magic number is because there will always be income inequality. Jesus said the poor will always be with you. That tells me the whole debate is phony.


15 posted on 01/27/2014 2:05:22 AM PST by Foundahardheadedwoman (God don't have a statute of limitations)
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To: Foundahardheadedwoman
Might be buried in the National Compensation Survey: http://www.bls.gov/ncs/ This table has percentiles: http://www.bls.gov/ncs/ocs/sp/nctb1489.pdf and the top 10% of Chief Executives make 151.81 versus 8.50 for the lowest 10% worker. That's the largest ratio in the document and it is not that large probably because the demagogues who publish on that topic only compare bank and other large company executives to average wages.
22 posted on 01/27/2014 2:33:05 AM PST by palmer (Obama = Carter + affirmative action)
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