alt Hacker NewsAs it should be. The pay gap from CEO to bottom tier worker is now obscene (21 times in 1965 and ~285 today). It's the foxes looking after the henhouses.
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Last I looked at the most cited version of that ratio, it was comparing Fortune 500 CEO total compensation—including incentive-based stock appreciation—to economy-wide average hourly wages.
That makes about as much sense as comparing top 500 Hollywood actor earnings (including residuals) with the day wages of the folks showing up in TV commercials and as film extras.
The BLS keeps statistics on Chief Executives in general, and pegs their median wages around $200k:
Not sure why the left cares so much about CEO to work pay ratio these days, especially when Marx himself recognized that ownership was the true source inequality. A CEO is just a really well paid worker. Even CEOs who become billionaires do so from capital appreciation more than compensation.
What's your proposal for changing this? Government regulation?