Gregory's ServerBetween 1978 and 2022:
-Worker pay grew by 15%
-Top exec pay jumped by 1,209%
Major US CEOs are now paid 344 times more than their typical employees.
When I say corporate CEOs are exploiting labor, this is what I mean.
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9 comments
That is hardly the only way they exploit them, but then you at least knew that. Another way that they exploit employees, before they even get their foot in the door, is by undervaluing their labor right from the first interview. Any candidate who knows their worth is discarded after that first interview when they voice their expectation to be compensated accordingly. No one is hired and paid what their labor is worth. No one. Not even mid-level executives. > Worker pay grew by 15% Hasn’t real worker pay dropped significantly over that time after inflation?  @petrosyan what percentage of CEOs do you think are among the 1% Most CEOs are not slave drivers. @BoomlandJenkins Okay, I am referring to a smaller percentage than 1%, in other words billionaires.  Note that the rich do not contribute much to FICA because of the cap, so the fund shrinks in relation to inflation. |
@rbreich
Let us be honest here: this -combined with projects aiming to gut social programs - is a refined form of slavery.