Do you know the current pay-scale ratio difference between CEOs & the average worker?
In the US, inequality has been rising since 1980. Between WWII & the election of Ronald Reagan in 1980, the average income grew by $19,000.oo. The bottom 90% of the country received 65% of that increase. However, between 1981 & 2008 average income grew by around $12,000.oo – and about 96% of that went to the Top 10% of the Richest people in the country. The pay-scale ratio difference between CEOs & the average worker in 1980 was 35 to 1. CEOs began to out-source jobs & close down companies following Reagan’s election, after Reagan started dismantling the regulatory processes & giving tax breaks to the businesses moving their companies to various third world countries.Now the pay-scale ratio difference between the CEOs & the average worker today is 185 to 1.