(May 27, 2014 at 3:48 pm)Minimalist Wrote: Here's why you're getting fucked over.
http://apnews.excite.com/article/2014052...46c57.html
Quote: WASHINGTON (AP) — Pay for globe-trotting CEOs has soared to new heights, even as most workers remain grounded by paychecks that are barely budging.
While pay for the typical CEO of a company in the Standard & Poor's 500 stock index surged 9 percent last year to $10.46 million, it rose a scant 1.3 percent for U.S. workers as a whole. That CEO now earns 257 times the national average, up from a multiple of 181 in 2009, according to an analysis by The Associated Press and Equilar.
Those figures help reveal a widening gap between the ultra-wealthy and ordinary workers around the world. That gap has fed concerns about economic security — everywhere from large cities where rents are high to small towns where jobs are scarce.
Workers are getting fucked because of automation and not because of CEO pay. There is a less of a need for workers because machines can do it better and cheaper. Less need translates into being in a weaker position to negotiate a higher wage.
If you took CEO pay and divided it up among the workers, it would make hardly a difference in the lives of the workers. Blaming CEOs wages are just a tactic to promote hate and class warfare.
The solution is a universal basic income or negative income tax.
