CEO Pay, Income Inequality Spawning Deep Divisions
Citing our 2012 Executive PayWatch website—CEO Pay and the 99%—the Pittsburgh Post-Gazette, in an editorial today, says:
Income inequality is spawning deep divisions in America, and this is one problem that starts at the top.
The editorial notes that 30 years ago, CEOs were paid about 42 times more than the average worker, a “hefty enough differential, but one that is puny by today's standards” of 380 times the salary of the average worker.
Workers wouldn't mind the high CEO pay so much if they saw their own lot improving, but nowadays employees must pay more of their health insurance costs and save for their pensions, while pay is stagnant.
Click here for the full editorial.


