A study of 300 top US companies released by the Institute for Policy Studies (IPS) on Tuesday found the average gap between CEO and median worker pay jumped to 670-to-1 (meaning the average CEO received $670 in compensation for every $1 the worker received). The ratio was up from 604-to-1 in 2020. Forty-nine firms had ratios above 1,000-to-1.
So, $15/hr for the worker becomes $10,050/hr for the CEO. For that other forty-nine firms, CEOs would be getting (not earning) $15,000/hr.
CEO vs worker pay - br br i A study of 300 top U... (show quote)
And... CEOs, in general, are not held accountable for business's failure to grow.
Most unions are mafia and crime family run. Why pay dues to crooks?
In a comparison of wages, I might make 35 to 40 dollars an hour in a non union shop, or 61 dollars in a union shop, plus retirement, and medical/dental insurance. Which would you choose?
In a comparison of wages, I might make 35 to 40 dollars an hour in a non union shop, or 61 dollars in a union shop, plus retirement, and medical/dental insurance. Which would you choose?
If I were a little younger they would be very good. At 72 they probably aren't too good. My chief engineer makes over $70 an hour. If my boss is having a bad day, I'm protected. If I'm breaking rules, and the boss isn't too lazy to do the paper work, I can easily be gotten rid of, but that's how it should be.
I was a manager within IBM... non-union. Once an employee got to 10 years, I had a very hard time getting them raises. If you were rated a 2 (1-5), you might get a raise... beyond that, you had to wait until next year.
New hires, with no experience, came in making MORE than those who had over 5 years experience.