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CEO Pay/Worker Pay Ratio Reaches 301-to-1- continues Widening

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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-16-04 12:12 AM
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CEO Pay/Worker Pay Ratio Reaches 301-to-1- continues Widening

It's official: month 12 of the US occupation of Iraq is the bloodiest so far http://lunaville.org/warcasualties/Summary.aspx


http://www.commondreams.org/news2004/0414-10.htm
CEO Pay/Worker Pay Ratio Reaches 301-to-1

Gap in Wages Between CEOs and Workers Widening


According to Business Week's 54th Annual Executive Compensation Survey, published this week, the average large company CEO received compensation totaling $8.1 million in 2003, up 9.1% from the previous year." By contrast, in 2003, the average production worker 's annual pay was $26,899, up just 2.1% from 2002 according to the Bureau of Labor Statistics. "The average worker took home $517 in their weekly paycheck in 2003; the average large company CEO took home $155,769 in their weekly pay. If the minimum wage had increased as quickly as CEO pay since 1990, it would today be $15.71 per hour, more than three times the current minimum wage of $5.15 an hour."
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xray s Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-16-04 12:22 AM
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1. a modest proposal
Any CEO salary that is over some reasonalble multiple of average workers salary (lets see now, how about 50:1) should be taxed at a 90% rate and the money used to support job training, health care and day care for the people on the right side of that ratio.
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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-16-04 07:28 AM
Response to Reply #1
2. The EU forces "perks" (cars etc) rather than money - via tax structure
We need that in the US.
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seasat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-16-04 04:22 PM
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3. You gotta love how that trickle down theory is working.
It kills me every time I hear the supply siders claim that their trikle down theory is working. The tax breaks don't go to investment and hiring more workers. They simply go to salaries of wealthy CEOs.
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Robert Oak Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-17-04 02:04 PM
Response to Reply #3
4. same rationale as the slave economy
"Trickle down" theory is a huge justification for the rich taking
all of the money and power. Goes right to slave economy economics...
which is where we are headed.
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