TYT: This Is The Income Inequality Video CEOs Don’t Want Americans To See

[WhoIsNumberNone]

“If Michael Norton’s research is to be believed, Americans don’t have the faintest clue how severe economic inequality has become—and if they only knew, they’d be appalled.

Consider the Harvard Business School professor’s new study examining public opinion about executive compensation, co-authored with the Chulalongkorn University in Bangkok’s Sorapop Kiatpongsan. In the 1960s, the typical corporate chieftain in the U.S. earned 20 times as much as the average employee. Today, depending on whose estimate you choose, he makes anywhere from 272 to 354 times as much. According to the AFL-CIO, the average CEO takes home more than $12 million, while the average worker makes about $34,000.

In their study, Norton and Kiatpongsan asked about 55,000 people around the globe, including 1,581 participants in the U.S., how much money they thought corporate CEOs made compared with unskilled factory workers."* The Young Turks host Cenk Uygur breaks it down.

[Spitfire of ATJ]

1. Americans are told the alternative is Communism.

[Enthusiast]

7. Yeah. That's why we had communism in the 50s and 60s.

[Spitfire of ATJ]

9. What's funny is when they claim "Communism" and "Welfare" are the same....

I point out that's why the USSR musta been such a threat,....because they were lazy.

[Enthusiast]

10. That's a good point.

Gotta stay on our toes.

[dotymed]

2. The MSM perpetuates this system, forcefully.

I read an article on MSN, yesterday, about the 5 best economies in the world. America ranked #3 with an average median income of $54,000.
Most people do not realize that this statistic groups all of the income made for the year, by the CEO.s and the impoverished, and then divides it EQUALLY by the number of people in America. MOST Americans would love to earn $54,000 annually. It is just manipulated numbers.
Only 10,000 American belong to wolf.pac.com? That is pathetic. Why don't Americans fight for equality?

Run Bernie, RUN!

[WhoIsNumberNone]

3. Exactly. It's the difference between median and mean

The MSM exploits the fact that most Americans don't even know there is a difference- let alone what the difference is.

If you have 10 people each making $10,000 a year, and one making $10,000,000, the median income is $918,181. Sounds great, doesn't it?

Meanwhile the mean takes the individual incomes and puts them on a line graph- the one that's in the middle of the graph is the mean. In my example that's one of the people making $10,000.

[chervilant]

11. That's because the M$M is owned and controlled

by the corporate megalomaniacs who've usurped our media, our politics, AND our global economy.

[Gothmog]

4. Great video

[denvine]

5. If only all Americans would see this.

The are getting screwed and don't even know it.

[zeemike]

6. Well explained sir.

And that is why I love TYT...

[Enthusiast]

8. This is why Cenk can't be on MSNBC.

Hey, Cenk, we don't want equality.

[chervilant]

12. This is why the capitalists--the corporate megalomaniacs-- have worked

SO VERY CONSISTENTLY to vilify any socio-cultural construct that might threaten their hegemony.

[chervilant]

13. Reagan was the first simulacrum for the corporate megs... n/t