General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGawd I love Robert Reich......
CEO-to-worker pay ratio in 1965: 20-1
CEO-to-worker pay ratio in 1990: 75-1
CEO-to-worker pay ratio today: 280-to-1
Trickle-down economics was always a sham.
Nothing has ever trickled down.
lastlib
(28,435 posts)Boy, have we been pissed on!
a kennedy
(36,185 posts)🤬 🤬 🤬
Disaffected
(6,504 posts)have in recent years gone not to investment in manufacturing and employment but to stock buybacks, dividends and executive pay mainly in the form of stock purchase options. It is insidious - executive pay is strongly linked to stock price so the incentive is to spend tax savings on those stock buybacks and dividend increases.
Hence the obscene, ever-increasing ratios between executive and worker pay. That plus these execs sit on each others boards of directors (who determine pay levels) so the relationship is incestuous as well.