Home > Kev's Blog > 6-Oct-2013 Wage Inequality

6-Oct-2013 Wage Inequality

Sunday 6 October 2013 Leave a comment Go to comments

I don’t normally talk politics, but I thought I would post a link to this, as it great food for thought and really makes you think “Is this the type of world I want to live in?”

I get the weekly “best of” email from The Elephant Journal and I like the catchphrase “independent media for mindful citizens” and this post was in this week’s one.

Anyway the post is called 7 Fun facts about the US economy :

1. “Of all developed nations, the United States has the most unequal distribution of income, and we’re surging towards even greater inequality.” (washingtonpost.com)

2. Graph: CEO vs worker pay 1940-2004

3. Greater inequality coincides with higher levels of crime, teen pregnancy, mental health issues, drug abuse, health problems, obesity & incarceration, along with lower standards of education, social mobility, life expectancy, community relations and feelings of safety.

4. Executives receive 1/3rd of all pay in the U.S.

5. CEO’s Who Lay Off Workers Get Paid More

6. CEOs earn 343 times more than typical workers

7. 400 Americans have more wealth than half of all Americans combined.

You can say it’s about working harder or working smarter or who you know but to me it’s a lot closer to just plain theft.

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