VIDEO 17 minutes Americans don’t have the faintest clue how severe economic inequality has become—and if they only knew, they’d be appalled. Consider the Harvard Business School professor’s new study examining public opinion about executive compensation, co-authored with the Chulalongkorn University in Bangkok’s Sorapop Kiatpongsan. In the 1960s, the typical corporate chieftain in the U.S. earned 20 times as much as the average employee. Today, depending on whose estimate you choose, he makes anywhere from 272 to 354 times as much. According to the AFL-CIO, the average CEO takes home more than $12 million, while the average worker makes about $34,000. youtube/watch?v=4_ymNmttW34
Posted on: Tue, 07 Oct 2014 00:13:52 +0000
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