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Detailing CEO-Worker Pay Gaps as High as 5,000 to 1, It's Clear Why Corporate Execs Didn't Want This Report Released


#1

Detailing CEO-Worker Pay Gaps as High as 5,000 to 1, It's Clear Why Corporate Execs Didn't Want This Report Released

Jake Johnson, staff writer

Major American corporations have spent a lot of time, energy, and cash "scheming" to hide the enormous pay disparities between their workers and CEOs, and a new report published Wednesday by Rep. Keith Ellison (D-Minn.) makes it abundantly clear why.

"This immense inequality is a crisis for our economy and our democracy, and we need legislative action at the local, state and federal level to address it."
—Rep. Keith Ellison (D-Minn.)


#2

Anybody who is surprised by these findings…please raise your hand and tell us how bad it was for you to be locked in a closet for the past two decades.

Short of restoring New Deal regulations that kept ratios tight for a half century, the CEOs, boards of directors and other top dogs will continue to widen the gap.


#3

Unmentioned—perhaps simply for the sake of brevity, but unmentioned nonetheless—are the facts that in the aftermath of Buckley v. Valeo and Citizens United, one dollar now equals one vote, and with the estate tax all but eliminated, hereditary wealth now equals hereditary political power.


#4

Time for wealth and wage caps not minimum wgae or homeless shelters.


#5

Seattle tried to tell that to Amazon. Amazon is now too big to tax.


#6

The frontiers of the possible are not determined by the limits of the actual. Change is a constant just as time ticks on.