Too many billionaires controlling our lives

PROGRESSIVE VIEWS

According to former Labor Secretary Robert Reich, the average American worker earns about $36 per hour in pay and benefits compared to $25 per hour in the late 1960s. That’s an increase of over 40%.

If this same worker pay had increased by the same percent as CEO pay, they would be paid a whopping $430 per hour. CEOs are now being paid 280 times that of a typical worker. In the late 1960s that ratio would have been about 30 times the typical worker.