Wage Inequality: Why The American Dream Is More of A Fantasy


by PRWatch.org on Sep 17, 2013 | Views: 218 | Score: 0
Created with Highcharts 4.2.3 /Highstock 4.2.3Average Annual Compensation, 1965-20112011 US DollarsCEO (in thousands)Production/Nonsupervisory Workers (inthousands)19651978198919952000200820110k2.5k5k7.5k10k12.5k15k17.5k20k22.5k
CEO (in thousands)Production/Nonsupervisory Workers (in thousands)
196579138.5
1978141347.6
1989263144
1995557043.6
20001948245.9
20081791948.4
20111214150.3
Average Annual Compensation, 1965-2011
2011 US Dollars
Sources: epi.org
VOTE:
VOICE:
PRWatch.org
PRWatch.org on Sep 17, 2013 5:29 AM said:

In the last thirty years, the average annual compensation of CEOs working at the top 350 publicly owned firms increased by 1435%, from $791,000 in 1965, to over $12 million in 2011. During this same period, wages have likewise increased for everyday workers, from $38,500 to $50,300. This constitutes a wage increase of merely 30%, 1/47th the increase of CEOs.