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Fall of the Empire... Cont'd

SoupNazzi

Shared on Tue, 05/27/2008 - 14:35
Not a lot of time to rant today.  Swamped at work.

Did you know, that since 1990, the value of CEO pay is up 298%.  It peaked around the year 2000 at 409.2%.

However, since 1990, the average production worker's pay is only up 4.3%  That's barely above yearly cost of living.

On the same note, Corporate Profits are up 106.7%.

And finally, since 1990, the S&P 500 Index is up 260.8%. 

Wow.  Not much profit sharing going on.



If an Average Production Worker's Pay rose at the same rate as a CEO's, a Production worker making $20,000 a year in 1990 would be making appx. $108,000 in 2005.  In reality, that worker's pay is closer to appx. $28,000.

Go Figure.

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Happy Mother's Day Milfs!

Comments

ekattan's picture
Submitted by ekattan on Tue, 05/27/2008 - 14:57
History goes round and round. It always like that with an empire. It get to a point when 98% of the people live in misery and the rest in extreme luxury. The divide between the rich and poor is set. Now either products are extremely expensive or dirt cheap. We all know how revolutions end, most usually with the Queen's head in the guillotine.
Cerberus4417's picture
Submitted by Cerberus4417 on Tue, 05/27/2008 - 15:10
Remember Rome didn't fall in a day.
Lusetti67's picture
Submitted by Lusetti67 on Tue, 05/27/2008 - 16:09
Cool my increase this year was 4.5% that puts me .2% ahead of the average. Life is good
th3midnighter's picture
Submitted by th3midnighter on Tue, 05/27/2008 - 16:39
The difference between every Revolution we've ever had and now is that they are smart enough to give us the basic necessities to keep gen pop. content. Its only when everyone feels like their basic needs arent being met will you see a revolution. Until millions are homeless, starving with nowhere else to go will you see change. That is atleast another generation away.
nomodifier's picture
Submitted by nomodifier on Tue, 05/27/2008 - 16:51
I would like to see average income of actors and professional athletes on that chart, it would be interesting.
Kwazy's picture
Submitted by Kwazy on Thu, 05/29/2008 - 19:03
Note that the wage increases are CUMULATIVE percents 4.3% is tremendously below the CUMuLATIVE increase in cost of living, but is in line with the YEARLY. So in other words, the average joe has taken a tremendous reduction in salary.

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