“Meat-packing job paid $19 an hour in 1980, but today that same job pays closer to $9 an hour, according to the Labor Department.“
“The average CEO of a large U.S. company made roughly $10.8 million last year, or 364 times that of U.S. full-time and part-time workers, who made an average of $29,544, according to a joint analysis released Wednesday by the liberal Institute for Policy Studies and United for a Fair Economy.” (2007)
“CEOs at Japan’s top 100 companies by market capitalization earned an average of around $1.5 million, compared with $13.3 million for American CEOs and $6.6 million for European chief execs at companies with revenues of higher than $10 billion, according to an analysis of 2004-06 data by Towers Perrin, a Stamford (Conn.) human resources firm.“
Question: What was the supermarket price of beef in 1980? What is it now?
Think: How much many workers could a Japanese CEO hire with the savings on not being paid like an American CEO? Or how much more could existing workers be paid in terms of a living wage to own a home and support a family?