To tackle income inequality, tax companies that overpay CEOs and underpay workers
While the wealth of each of our families was very different, we both grew up during a time when most families could live comfortably on what they took home after working a 40-hour-a-week job. In those days, a middle-class salary could cover a household’s needs. And the company boss didn’t make that much more than the people who worked for them.
Today, the paycheck from the same middle-class jobs that supported a family when we were growing up can barely make ends meet.
Here’s the stark reality: Since the 1970s, the pay of the average employee has remained stagnant, while the pay to CEOs skyrocketed by 940 percent. The gap between rich and poor, between wealthy CEOs and the average worker, keeps widening.
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