According to the report’s authors, “CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills.” (Photo: Shutterstock)
You know it’s bad when heiress Abigail Disney chastises CEOs over how much they rake in each year.
With workers feeling underpaid despite the so-called “recovery,” one might ask what they’re complaining about, since wages have risen (a little) since the Great Recession. But the truth is that according to the Economic Policy Institute, employees are only getting about 12 percent more than they did 40 years ago—back in 1978, when a loaf of bread cost 33 cents and a person could buy a house for under $65,000.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
