CEOs used to make as much as 20-30 times the average worker in the 60s-70s to now 280-290 times the average worker. Do you think that CEOs have gotten 10 times more valuable that the average worker despite the average worker’s productivity increasing 74% over that same period? Have CEOs become 740% more productive in that time?
Adjusted for inflation, from 1972 to 2022, average worker salary increased only 12 cents. They’ve been stagnant for 50 years. Only in 2023 was there any significant gains for the average worker (4%) but CEO pay continues to increase multiplicatively, not fractionally. CEO pay is just another bubble, an empty arms race. They’re not worth nearly what they’re paid.
CEOs used to make as much as 20-30 times the average worker in the 60s-70s to now 280-290 times the average worker. Do you think that CEOs have gotten 10 times more valuable that the average worker despite the average worker’s productivity increasing 74% over that same period? Have CEOs become 740% more productive in that time?
Adjusted for inflation, from 1972 to 2022, average worker salary increased only 12 cents. They’ve been stagnant for 50 years. Only in 2023 was there any significant gains for the average worker (4%) but CEO pay continues to increase multiplicatively, not fractionally. CEO pay is just another bubble, an empty arms race. They’re not worth nearly what they’re paid.