This chart shows the wage earned in that year by a CEO in the U.S. and compares it to the workers wage during that same year. As you can see, the CEO wage has increased a lot, whereas the workers income has barely increased. In 2007, the average CEO earned 14,200,000 and the worker earned 36,140. The worker would have to work 393 years to make what the CEO earned in a year. My question to you is: Is this fair? Should the CEO be earning so much money than the worker?
----------CEO-- ---Worker-- -Ratio
1970---- 700,000--- 28,000-- 25x
1980--- 1,268,400-- 30,200-- 42x
1990--- 2,918,003-- 27,271-- 107x
2000-- 14,857,317-- 28,300-- 525x
2007-- 14,200,000-- 36,140-- 393x
British – 25x Canadians – 23x Germans – 13x Japanese – 11x
I believe this is unfair. Why does a CEO need so much money? It's no wonder that a vast majority of the U.S population is going through a hard time right now. The company should distribute some money amongst its workers rather than give a CEO a huge chunk of the earnings. Otherwise, it'll be one of those scenarios where the rich remain richer, while the poor remain poor.
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