Did you know the pay gap between a company CEO and their workers has widened by 1000% since WWII?

by Lee Molloy

  •   Friday, February 14, 2014
  •  Economics
  •  income inequality
  •  

Former Republican Congressman Joe Scaborough discusses income inequality in America and the negative impact it is having on the overall economy.

CEO’s of major corporations are often taking home more than $100,000,000.00 per year while they run their companies into the ground and complain about not being able to afford a minimum wage of $10.10 per hour. Today’s seniors grew up in a world of fair pay, a world where a janitor could earn enough money to feed his family, and a CEO, although certainly rich and maybe earning $2 million a year, wasn’t paying himself (they were almost all men) hundreds of times as much as his average worker. Today their grandchildren no longer have access to the American dream at all.

 


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