What happened in 1980 that might have set us on this trend?
Compensation for chief executives at American companies grew 15 percent in 2011 after a 28 percent rise in 2010, part of a larger trend that has seen CEO pay skyrocket over the last three decades. Workers, on the other hand, have been left behind.
Since 1978, CEO pay at American firms has risen 725 percent, more than 127 times faster than worker pay over the same time period, according to new data from the Economic Policy Institute…
You can thank St. Ronnie for putting us on this path. You can thank the modern GOP for assuring that we can’t get off it.
