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] | ||
One of the more impressive accomplishments of the United States in recent decades is how it has achieved greater economic inequality in line with what Marx expected from a capitalist economy. There are periods of setbacks—in which economic inequality is reduced–followed by improvements resulting in even higher levels of inequality. | One of the more impressive accomplishments of the United States in recent decades is how it has achieved greater economic inequality in line with what Marx expected from a capitalist economy. There are periods of setbacks—in which economic inequality is reduced–followed by improvements resulting in even higher levels of inequality. | ||
=====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. | |||
