Right now we're in the middle of a global
pandemic. Tens of millions of Americans have
lost their jobs. Uh, millions of Americans
currently stand at the risk of being evicted
from their homes with nowhere else to go.
But if you are a corporate CEO, your life
has quite literally never been better. According
to a new report from the economic policy Institute,
the CEO to worker pay ratio has once again
increased. And as of the numbers from last
year 2019, the average CEO makes $320 for
every $1 that their average worker makes back
in 1989. By the way that ratio was a 61, two
one. And here we are 31 or actually 30 years
later, uh, based on the numbers here, 30 years
later, and it's gone from 61 to one to 320
to one. Not that long ago, the number being
pushed out, because this is what it was at
the time was about $285 to $1.
And here we go, continuing to rise. And here's
the kicker that the economic policy Institute
points out this number. And that 30 years
has increased 1167%, or excuse me, at 40 years
has increased 1167%. Um, but at the same time,
the gains made in the stock market have, have
not increased by that much. They have increased,
but certainly not enough to warrant this massive
increase in CEO pay. So the companies are
worth more than they were back then, but not
at the same rate that the CEO pay is rising.
So, so why, why are the CEOs getting more
when the company has not seen their value
rise by this same level? That's a bit of a
mystery, isn't it? Well, actually, it's not
because this is what unfettered unchecked,
unregulated capitalism gives us rampant, greed
and antiquity. This is capitalism. This is
what it does.
This is what it is. This is not an accident.
This was by design because that is what this
system is supposed to do. Now, those who already
have power to centralize their power, to gain
more power and to squeeze the rest of us,
us. And that is exactly actually what's happening.
Now. Worker pay average worker pay across
the United States has been stagnant for decades.
Stagnant, just kind of stay in the same. CEO
pay has never stopped going up, even though
productivity among workers has also been going
up. Our wages have not. We are stuck. We are
stuck by a system that prevents upward mobility.
That's the bottom line. And that is what this
report, even they don't, they don't explicitly
say that. That is exactly the message they're
trying to get across.
