CEOs rake in 940 percent more than they did 40 years ago

[Yo_Mama_Been_Loggin]

The chasm between what the country's corporate leaders and their workers earn is widening to Grand Canyon-like proportions, according to new research that shows CEO compensation surged 940% between 1978 and 2018, while the average worker saw a meager 12% pay hike over the same 40-year period.

"CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills," economist Lawrence Mishel and research assistant Julia Wolfe said in the report from the Economic Policy Institute, a left-leaning think tank.

Depending on how it's calculated, the average pay of CEOs at the 350 biggest U.S. companies last year came to $17.2 million, the EPI research found. (Or, alternatively, about $14 million, with the smaller number valuing the stock options that make up a big chunk of CEO pay at the time they were granted rather than when they were cashed in at typically higher prices.)

Last year chief execs got $278 for every $1 a typical worker earned, according to Mishel and Wolfe. Back in 1965, top corporate chiefs earned $20 for every dollar a typical worker earned, with that ratio rising to 58-to-1 by 1989. The gap widened dramatically in the following decades, they noted, due to a shift in the 1990s and 2000s to compensate CEOs mostly with stock options, restricted shares and other incentive-based pay fueled a spike in their earnings.

https://www.msn.com/en-us/money/markets/ceos-rake-in-940-percent-more-than-they-did-40-years-ago/ar-AAFNnXf?li=BBnbfcN

[sandensea]

1. One need only look at back issues of Architectural Digest to see this in action

In the late '70s, the homes of the well-to-do were, of course, very comfortable and inviting - but, with only few exceptions, they wen't over the top.

Now they redecorate completely every three years or so, spending millions each time. Lots of marble, gold feligree, and silk in odd places.

They all seem to be competing with each other to see whose looks most like heaven - or their idea of it, anyway.

Which is ironic, considering where many of them will end up if they keep this up.

[demosincebirth]

2. It doesn't surprise me. The rich get richer and the poor

Have children.

[Kid Berwyn]

3. 12% more for the workers in 40 years.

Go Feudalism!

[Newest Reality]

4. Setting the stage...

For the United Fiefdom of America is not easy work! No way. To accomplish the goal requires even bigger remuneration. A CEO and a Lord have a lot in common.

Neo-Serf meet your Neo-Lords. Give it about twenty or thirty more years of this trend and it is obvious that a small percentage will own everything. It is not hard to prognosticate about that outcome when you look at the numbers.

If it is not stopped soon, (just like climate change once had a long window for that) you may want to consider grooming your children to be good Serfs so that they can survive, at least as subservient renters who own nothing at all and have no personal rights. When everything is owned, so are the people. Your progeny are going to be chattel, and/or an ingredient in Soylent Green, (it makes a great, nutritious breakfast, lunch or dinner) depending on which tier of the UFA they are in.

I am not exaggerating here and as the tentacles reach out to grab what can be aquired, (legally or otherwise) it will have the potential to be a Global ownership by a fairly small percentage of people.

Chattel is the perfect word for the results.

[sandensea]

5. Egomania on parade

For sick egos, it's not enough to be better off than everyone else - even a lot better off.

They must have a monopoly on wellness itself - like in the middle ages, as you mentioned.

But they forget Murphy's Law: what can go wrong for them with that, will.

It's not to late, if they could just come to their senses.