This banger.

CEO-to-worker pay ratio went from 20-to-1 in the 1960s to about 400-to-1 now.

Back in the 1980s when it was 58-to-1 you could still have a decent middle class life working at the grocery store…

#workers #workreform

  • silentashes
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    1 year ago

    “Does anyone know why this is happening?”

    Yes. Thom Hartmann and others have written about this. It started after the civil rights, antiwar, feminist, peacenik, environmental, etc movements of the 1960s and early 70s.

    The Rev. Dr. Martin Luther King Jr. was assassinated specifically because he was uniting poor Whites with Blacks, calling for Socialism, and launching the Poor People’s Campaign.

    It was a conscious, deliberate response by the elite — against the economic and political warfare conducted by the middle class in order to eliminate the classist systemz of oppression.

    The Lewis Powell Memo: A Corporate Blueprint to Dominate Democracy

    Written in 1971 to the U.S. Chamber of Commerce

    see also Thom Hartmann’s book: “Screwed: The Undeclared War on America’s Middle Class”

    also: “

    **Why Oligarchs Don’t Just Want to Be Rich, But Kill Democracy Too ** The deeper reason why the powerful and wealthiest think your ability to vote is dangerous.

    https://www.commondreams.org/opinion/oligarchs-against-democracy

    see above article — one of the best. chock-full of the best history lessons — including England’s maximum wage law back a few centuries ago.

  • dedale@kbin.social
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    1 year ago

    CEOs are still employees, you should take assets into account if you want an accurate picture of wealth inequalities.
    It’s much, much worse.

  • TyrionsNose@lemmy.fmhy.ml
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    1 year ago

    I think it’s simply because CEOs can see what other CEOs make.

    You have all the negotiating power when you can see what other folks doing your same job earn.

  • silentashes
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    1 year ago

    @[email protected] any idea why I can’t see that post in-app by going to RenWillis’ timeline, but why I can see it via a public web browser?