nuckles87 said:
You know....there's a middle ground between what we have now, and communism. It's called the United States 50 years ago, when CEOs were paid 30 times the amount of an average worker, rather then 380 times, and when people moved up through a company rather than sitting in the same position at the same pay for 15 years as many workers do today. Also, this: http://www.nytimes.com/2012/01/05/us/harder-for-americans-to-rise-from-lower-rungs.html?pagewanted=all&_r=0 |
Here's a question.
How big was your average company 50 years ago vs today... how many countries did they usually operate in, and how many products did they make?
Every consider at least part of the reason CEO pay is so big now is because companies are far, far bigger today then they were 50 years ago with far more concerns?
Meanwhile your average assembly guys job hasn't changed? In fact, when you consider he makes a much smaller part of the company, argueably his job has become less important.
A real measure would be "CEO Pay vs Total amount paid in salaries."
Why would a company CEO who managed 2 factories in the past, get paid the same as one who owns 4 in the present with subsidiaries in multiple countries?
As for the 50 and 200+ number... do you have an actual source on that? Because as far as i can tell... that's around what it is... for 35 of the top fortune 50 companies. IE nowhere near your average CEO.
http://money.cnn.com/magazines/fortune/fortune500/2012/ceo-pay-ratios/
Additionally, research tends to show that economic mobility in the US has stood still, not shrunk... and in fact this is do to cultural changes. Not buisness related ones.
It's things like the rich marrying the rich.
Also... read your entire article... as it mentions many many other reasons for issues in economic mobility. Like are stupidly huge prison population.