Congress and the president have just reduced the corporate tax rate, and CEOs from right to left think that’s wonderful.
CEOs today make about 250 times more than their average employee. Not too long ago, they “only” made 50 times more. Think about that — it’s a big problem. Growing wealth disparity fuels class resentment, because it’s basically unfair.
Are CEOs five times more productive now than in 1988? Are employees less productive? No and no. But people tell me that CEO compensation is insignificant in the “big picture.” My math says different.