You need to work 244 years to match CEO's annual salary

[Blart]

Congrats CEOs, you've hit a new record!


The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm.

That was up more than 6 percent from the previous year, and is the second year in a row of increases. The figure is also the highest since the AP began tracking executive compensation in 2006.

The typical American worker would have to labor for 244 years to make what the typical boss of a big public company makes in one. The median pay for U.S. workers was about $39,300 last year. That was up 1 percent from the year before, not enough to keep pace with inflation.

In 1978, CEOs took home 26.5 times more than the average worker. 26 times - enough to afford jets, summer estates, and so on. And that was when America was socialistic-y and regulated! In 2011, with 244 times the salary of the average worker, what more could they buy?

[ant1999e]

Or go to college, work real hard and maybe you make it. You ain't gonna make shyt mooching off the government. Haters gonna hate.

[Blart]

CEO's are doing pretty well mooching off the government.

[ant1999e]

It's quite obvious that the liberal theme this election season is going to be class warfare.

[cutthemdown]

So go try and become a CEO? Takes me a long time to make what Brad Pitt does in a yr also but I don't see you complaining about that.

[ant1999e]

So go try and become a CEO? Takes me a long time to make what Brad Pitt does in a yr also but I don't see you complaining about that.

But Brad Pitt's cool and kinda cute;)

[Blart]

It's quite obvious that the liberal theme this election season is going to be class warfare.

Income inequality is at record levels. It's not strange to see Americans long for a return to the regulated capitalism of their parents & grandparents.

[ant1999e]

Income inequality is at record levels. It's not strange to see Americans long for a return to the regulated capitalism of their parents & grandparents.

But how much regulation? There will always be rich and poor.

[Blart]

Bot how much regulation? There will always be rich and poor.

Of course there will always be rich & poor, and sometimes it's justified.

This doesn't seem quite right though:

http://graphics8.nytimes.com/images/2007/09/19/opinion/19krugman2.533.jpg
(income of the top 10% of Americans)

However much regulation we need to maintain a strong middle class is the amount I want.

[Smiling Assassin27]

Income inequality is at record levels. It's not strange to see Americans long for a return to the regulated capitalism of their parents & grandparents.

This is an arbitrary and wholly relative statement. SOMEONE will always say incomes are unequal no matter what the gap (or economic system) may be. It's time to stop bitching about it, stop coveting what others have (whether they worked for it or inherited it), and get about living your life. If you choose to fixate on the contrived income gap, so be it. Others (who may be richer or poorer than you) will not. People fail because THEY fail, not because others fail for them.

Your suggestion that more regulation existed 'back then' than does now is mind boggling. By virtue of the fact that more regulations exist now than then, more regulation on capitalism exists now than then.

[Blart]

Your suggestion that more regulation existed 'back then' than does now is mind boggling. By virtue of the fact that more regulations exist now than then, more regulation on capitalism exists now than then.

http://en.wikipedia.org/wiki/Deregulation#Deregulation_1970-2000

[bpc]

Waaaaaaaaaaaaah! The poor oppressed these CEO'S take advantage of... So unfair!

[Missouribronc]

You are not entitled to a high-paying position.

I wish I was. But I'm not.

[barryr]

It always comes down to painting all the rich as evil, republican capitalists who cheated to get what they have and keep cheating, while the wealthy democrats are saints and just looking to do good for us all and not for themselves. Is this stupid nonsense going to go on forever? Without the rich, all we'd have for jobs are government jobs where there is no way to get fired, much less incentive to do a great job since paid the same as the crappy worker. But of course, this is the plan liberals have which is to make us all servants of the government.

[cutthemdown]

How many years to make that if you just take welfare and food stamps?

[myMind]

It's hillarious that this becomes a political issue so quickly in peoples minds. When all it really proves is that the rich have a solid gameplan on how to distract the people they **** over on a regular basis to ensure that they stay rich. This issue isn't red or blue, it's the greedy versus the average worker. Sadly the greedy are seen to prosper, and influence more and more people to emulate their inhumane and selfish behavior. Takers versus Leavers, animals versus aliens.

[ant1999e]

It's hillarious that this becomes a political issue so quickly in peoples minds. When all it really proves is that the rich have a solid gameplan on how to distract the people they **** over on a regular basis to ensure that they stay rich. This issue isn't red or blue, it's the greedy versus the average worker. Sadly the greedy are seen to prosper, and influence more and more people to emulate their inhumane and selfish behavior. Takers versus Leavers, animals versus aliens.
Is it not greedy to want what someone else has?

[cutthemdown]

Is it not greedy to want what someone else has?

The funny thing is people that are poor or lower middle class actually think they will see the extra money the liberals want to take from the rich. The left leaves out the part how they just spend it all and you won't really notice anything lol. They will announce they now have money to pay the interest on all the money we already spent. Thank you. Meanwhile unemployment will stay flat. Romney knows how to keep unemployment low and organize a more streamlined govt. It was 6% when he took over as gov of Mass, and when he left it was 5%. Also he was a moderate who worked with dems on their healthcare and a bunch of other issues proving he isn't a right wing hawk.

It's no surprise the media announces they were 47th in job creation. They leave out the part that when unemployment low, there isn't as much room for job creation. Its the fact we have 8 % and more unemployment and Obama still can't find jobs for them.

[ghwk]

Corporate CEO's get to decide what your salary is. They also get to decide what THEIR salary is. Now why wouldn't you want to be able to do that? Why shouldn't you be able to do that if they can?

[ant1999e]

I wonder how much Brad Pitts gardener makes. I bet it's at least 300 times less than Brad.

[Blart]

Waaaaaaaaaaaaah! The poor oppressed these CEO'S take advantage of... So unfair!

Yeah, stop yer whinin pansy liberals! Get back to work! Your boss is worth 244 of you, and you better believe it. a=a rational self interest john galt blah blah blah

http://binoarealuyo.com/wp-content/uploads/2010/05/chinatown-sweatshop1.jpg

[Rohirrim]

The only pain in the ass part of that economic setup is when the slums start encroaching on the fancy high rises that the rich live in.
http://www.jaunted.com/files/4912/rocinha.jpg

What the rich need to come up with is a way to control the birth rates of the poor. Maybe they could put something in the water? I suppose they should wait until they have enough robots to replace the labor, though. Shouldn't act too hastily.

[ant1999e]

The only pain in the ass part of that economic setup is when the slums start encroaching on the fancy high rises that the rich live in.
http://www.jaunted.com/files/4912/rocinha.jpg

What the rich need to come up with is a way to control the birth rates of the poor. Maybe they could put something in the water? I suppose they should wait until they have enough robots to replace the labor, though. Shouldn't act too hastily.

That isn't the US but nice try.

[myMind]

Is it not greedy to want what someone else has?

It's envy to want it, it's greedy to take it and keep taking it over and over even though you have had plenty and now someone else doesn't have enough.

[Rohirrim]

That isn't the US but nice try.

Where did I say it was? It's Rio. It's where we're headed.

[Requiem]

Where did I say it was? It's Rio. It's where we're headed.

World Cup here me and Ro come. :)

[ant1999e]

Where did I say it was? It's Rio. It's where we're headed.

My bad, I thought this thread was about American employees.

[houghtam]

My bad, I thought this thread was about American employees.

Yes because things that happen in other countries never happen in the US.

[ant1999e]

Yes because things that happen in other countries never happen in the US.

I guess this is were we're headed right? But we were speaking of the US. WTF is wrong with you guys?

[El Minion]

I guess this is were we're headed right? But we were speaking of the US. WTF is wrong with you guys?

We where during the Great Depression until FDR pulled us out and the great American middle class was created.

http://0.tqn.com/d/useconomy/1/0/u/0/-/-/Nipomo-CA-Dorothea-Lange.jpg

[houghtam]

We where during the Great Depression until FDR pulled us out and the great American middle class was created.

http://0.tqn.com/d/useconomy/1/0/u/0/-/-/Nipomo-CA-Dorothea-Lange.jpg

Those damned hippies should have gotten a job! This government wasn't created for handouts! What is this, Occupy the Dust Bowl?

[DenverBrit]

I guess this is were we're headed right? But we were speaking of the US. WTF is wrong with you guys?

Headed?? We're there! WTF is wrong with you? ;D

In 2009, 43.6 million people (14.3 percent) were in poverty.
In 2009, 8.8 million (11.1% percent) families were in poverty.
In 2009, 24.7 million (12.9 percent) of people ages 18-64 were in poverty.
In 2009, 15.5 million (20.7 percent) children under the age of 18 were in poverty.
In 2009, 3.4 million (8.9 percent) seniors 65 and older were in poverty.

Food Insecurity and Very Low Food Security[2]

In 2010, 48.8 million Americans lived in food insecure households, 32.6 million adults and 16.2 million children.
In 2010, 14.5 percent of households (17.2 million households) were food insecure.
In 2010, 5.4 percent of households (6.4 million households) experienced very low food security.
In 2010, households with children reported food insecurity at a significantly higher rate than those without children, 20.2 percent compared to 11.7 percent.
In 2010, households that had higher rates of food insecurity than the national average included households with children (20.2 percent), especially households with children headed by single women (35.1 percent) or single men (25.4 percent), Black non-Hispanic households (25.1 percent) and Hispanic households (26.2 percent).
In 2009, 8.0 percent of seniors living alone (925,000 households) were food insecure.
Food insecurity exists in every county in America, ranging from a low of 5 percent in Steele County, ND to a high of 38 percent in Wilcox County, AL.[3]

http://feedingamerica.org/hunger-in-america/hunger-facts/hunger-and-poverty-statistics.aspx

Excellent interactive map of hunger in the US.

http://feedingamerica.org/hunger-in-america/hunger-studies/map-the-meal-gap.aspx

[ant1999e]

We where during the Great Depression until FDR pulled us out and the great American middle class was created.

http://0.tqn.com/d/useconomy/1/0/u/0/-/-/Nipomo-CA-Dorothea-Lange.jpg

This is true "at least that's what my history books says" but I don't think we are going there again. Obama's gonna fix.everything. we don't have.to.worry about putting gas in our cars or.paying our mortgage.

[Rohirrim]

We where during the Great Depression until FDR pulled us out and the great American middle class was created.

http://0.tqn.com/d/useconomy/1/0/u/0/-/-/Nipomo-CA-Dorothea-Lange.jpg

What some of these dummies don't realize is that laissez-faire capitalism doesn't create a middle class. It creates rich and poor. Winners and losers. The winners get fewer and fewer and the losers grow more and more. Progressive taxation, regulation of corporations and banks, and taxes invested in infrastructure, health, education and a social safety net created the middle class. When we share, we become strong. When we let the greedy take everything, we fall. We already learned this stuff at the dawn of the industrial revolution. Those who are too stupid, or too greedy, want to make us learn those lessons all over again.

[snowspot66]

What some of these dummies don't realize is that laissez-faire capitalism doesn't create a middle class. It creates rich and poor. Winners and losers. The winners get fewer and fewer and the losers grow more and more. Progressive taxation, regulation of corporations and banks, and taxes invested in infrastructure, health, education and a social safety net created the middle class. When we share, we become strong. When we let the greedy take everything, we fall. We already learned this stuff at the dawn of the industrial revolution. Those who are too stupid, or too greedy, want to make us learn those lessons all over again.

This will be true until the end of our species. I don't know why we have to keep relearning this lesson.

[TonyR]

Takes me a long time to make what Brad Pitt does in a yr also but I don't see you complaining about that.

Nobody's complaining about it because it's a stupid, terrible, ridiculous analogy.