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Old 05-27-2007, 09:44 PM   #5
GBMelBlount
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Default Re: Economy robust, middle class income dropping?

Quote:
Originally Posted by fansince'76 View Post
I believe it. It's also instructive to note that in 1980, CEO compensation vs. rank-and-file worker wages was about a 40/1 ratio. Today, it's almost a 300/1 ratio. Productivity has gone way up during the same period, but it's executive management reaping the benefits, not the average worker.

Ratio of CEO to average worker pay 1965-2005
'76, I am pretty much rank and file. One of my fraternity brothers works for a local bank and makes $10,000,000 plus per year. Do I think he earns it, yes, he is brilliant!!! Could I ever do his job, no. Point being, anyone (like me) can do appropriate data entry out of 40 applicants. The CEO's, CFO's, Presidents, are like the rudder on a huge corporate ship, directing them to failure or success. Even at apparent "high" rates, brilliant people, like my frat bro, are often worth their pay. That is why they are paid the bucks. Capitalism. God Bless America!!!!
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