Class in America
In 1973, the ratio of CEO pay to worker pay was 43 to 1. By 1992, it was 145 to 1. By 1997, it was 326 to 1. By 2000, it hit a sky-high 531 to 1. The post 9/11 shakeouts and corporate scandals of recent years on the surface narrowed the gap back to 301 to 1 in 2003. But a much worse parallel global gap is emerging in the era of outsourcing. United for a Fair Economy published a report last summer that found CEOs of the top US outsourcing companies made 1,300 times more than their computer programmers in India and 3,300 more than Indian call-center employees.
Interesting stuff. Read A steeper ladder for the have-nots.