Looking for a specific Rage comic and/or
Rant and can't find it?
Wall
Street Weak.
The
Wall Street Journal recently weighed-in
on income
inequality and opined
"Tish-tosh! If
you took all the salaries of a million-employee
company and shared them equality it would
raise
worker hourly pay by only a nickel.
A NICKEL!"
Well, yeah, but if you had a thousand employees
and a million-dollar payroll that means
everyone gets $1000, CEOs included. But
if that one guy got his 300X CEO payroll
that leaves $770 per person for everyone
else.
$770 vs.
$230,000. Hmmm. Don't seem right.
The WSJ's conclusion is that the difference
is really 5-1 but the Washington Post thinks
otherwise, pegging the ratio at 354-1. I
know which one I'm going with. (Click chart
for larger version.)
Boss: I realize it seems alarming that CEOs makes 300 times the average
worker salary but if you pool employee resources the inequality doesn't
appear
quite so stark.
Employee: You mean like... form a union?
Kahuna: I'm sorry. Let me rephrase that....
You're fired.
