Omaha Steve's Labor Group

unhappycamper

(60,364 posts) Wed Apr 16, 2014, 10:40 AM Apr 2014

CEO Pay Soars, Workers Toil in Capitalism's New Gilded Age

http://www.commondreams.org/headline/2014/04/16-0

Ratio of CEO-to-worker pay is 'unconscionable,' says AFl-CIO as prominent economist argues this level of inequality proves current capitalist system 'cannot work'

CEO Pay Soars, Workers Toil in Capitalism's New Gilded Age
- Jon Queally, staff writer
Published on Wednesday, April 16, 2014 by Common Dreams

Here's the first number to know: 331.

That, according to a new report, is the number of times more the average CEO in the United States made in 2013 compared to the average worker.

Here's the second number: 774.

That's the number of times more those same CEOs—some of the wealthiest individuals on the planet—made compared to the nation's minimum wage workers.

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CEO Pay Soars, Workers Toil in Capitalism's New Gilded Age (Original Post) unhappycamper Apr 2014 OP

Capitalism has always been a "zero-sum" game......... socialist_n_TN Apr 2014 #1

socialist_n_TN

(11,481 posts)

1. Capitalism has always been a "zero-sum" game.........

Reply to unhappycamper (Original post)

Wed Apr 16, 2014, 08:03 PM

Apr 2014

Sometimes because of propaganda needs (read: PR needs) and militant worker resistance, this basic fact can get hidden for a few decades. But it's always there. When workers win, owners lose and vice versa. That's the fact of class struggle.

In the last 30+ years, it's become more overt and the owners are winning the class struggle. It's not a class war, it's a class massacre and it's the working class that's being economically massacred. Articles and data like this put that fact in stark relief.

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