Wednesday, September 12, 2007

Disturbing Facts on Inequality in the US
  • Many workers got a break on July 24, 2008 when the federal minimum wage was increased to $5.85 from $5.15 -- the first increase in the federal minimum wage in 10 years. But the minimum wage is still 7% below where it was 10 years ago, adjusted for inflation. Meanwhile, CEO pay has gone up 45%, adjusted for inflation, in the same period.
  • CEO pay in the U.S. has grown to become 364 times the average worker's pay.
  • U.S. execs make three times as much as their European counterparts, even though these European bosses manage companies that are 40% bigger.
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