Income Inequality: Difference between revisions
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[https://www.counterpunch.org/2023/06/09/the-u-s-has-made-great-progress-at-increasing-economic-inequality/ by Rick Baum 9/6/23 COUNTERPUNCH] | [https://www.counterpunch.org/2023/06/09/the-u-s-has-made-great-progress-at-increasing-economic-inequality/ by Rick Baum 9/6/23 COUNTERPUNCH] | ||
Advancing economic inequality has been a bipartisan undertaking. The actions of both the Democrats and Republicans in power have increased economic inequality as their leaders, together, champion the interests of the rich and powerful at the expense of the middle and working classes. Additionally, despite the growth in the diversity of the ruling class, economic inequality has continued to widen. | Advancing economic inequality has been a bipartisan undertaking. The actions of both the Democrats and Republicans in power have increased economic inequality as their leaders, together, champion the interests of the rich and powerful at the expense of the middle and working classes. Additionally, despite the growth in the diversity of the ruling class, economic inequality has continued to widen. | ||
=====Top US bosses earn 278 times more than their employees===== | |||
[https://www.theguardian.com/us-news/2019/aug/14/ceo-worker-pay-gap by Dominic Rushe 14/8/19 The Guardian] | |||
The increase far outstripped the typical worker’s salary growth, at 11.9%, adjusted for inflation, and also the returns from the stock market, which are often used to justify high executive pay. The S&P 500 index of top US companies grew 706.7% over that period. | |||
