Found some numbers

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Post #42,255

by drewk

6/13/02 4:08:17 PM

Found some numbers

From [link|http://www.ufenet.org/press/archive/Pre_1999/exec_excess_98.html|here]:

To get a good picture of the incredible expanding CEO-worker wage gap, imagine the Washington Monument. CEOs made 326 times the pay of factory workers in 1997 according to Business Week, a big jump from 1996, when they made 209 times as much. If the real 555-foot Washington Monument reflects the average 1997 CEO paycheck, then a scaled-down replica representing average worker pay would be only 21 inches tall.

It's shrinking fast. In 1996, it was 32 inches tall. In 1970, the Workers' Washington Monument was 13 feet, six inches tall -- reflecting a CEO-worker wage ratio of 41 to one.

I don't like thier example. But basically:

1970 -- 41-1
1996 -- 209-1
1997 -- 326-1

And that is comparing them to factory workers, not farm labor.

Another set of [link|http://www.nwlaborpress.org/0502.html|numbers].

===
Microsoft offers them the one thing most business people will pay any price for - the ability to say "we had no choice - everyone's doing it that way." -- [link|http://z.iwethey.org/forums/render/content/show?contentid=38978|Andrew Grygus]

What is wrong with business today? - (orion) - (54) - June 12, 2002, 10:13:05 PM EDT

Kill all the lawyers -NT - (bepatient) - June 12, 2002, 10:14:51 PM EDT

It depends on the kind of business - (ben_tilly) - June 12, 2002, 10:35:15 PM EDT

Litany of woe - (JayMehaffey) - June 12, 2002, 11:10:12 PM EDT

Oh, a very, very long time ago - (Andrew Grygus) - (6) - June 13, 2002, 12:08:44 AM EDT

Re: Robber Barons - (drewk) - (5) - June 13, 2002, 09:18:44 AM EDT

Athletes and Movie Stars - (bepatient) - June 13, 2002, 11:43:55 AM EDT

I don't think assembly working was "the lowes-paid" - (Arkadiy) - (3) - June 13, 2002, 02:35:50 PM EDT

That would make it even worse - (drewk) - June 13, 2002, 02:45:32 PM EDT

Still is - (JayMehaffey) - (1) - June 13, 2002, 03:33:12 PM EDT

Found some numbers - (drewk) - June 13, 2002, 04:08:17 PM EDT

Simple answer: - (jb4) - (33) - June 13, 2002, 12:21:27 PM EDT

Shocking... - (ChrisR) - (32) - June 13, 2002, 12:34:50 PM EDT

Yes making money - (orion) - June 13, 2002, 01:23:58 PM EDT

Nice try... - (jb4) - (30) - June 14, 2002, 09:23:35 AM EDT

Nope, that's *still* not the purpose of a business - (drewk) - (22) - June 14, 2002, 09:41:57 AM EDT

Slight difference. - (Arkadiy) - (1) - June 14, 2002, 06:31:04 PM EDT

Hard to say it is for - (ben_tilly) - June 14, 2002, 09:17:58 PM EDT

OK, fair enough... - (jb4) - (19) - June 17, 2002, 09:16:52 AM EDT

Stockholders = Investors - (ChrisR) - (18) - June 17, 2002, 12:35:00 PM EDT

Good explanation. - (a6l6e6x) - June 17, 2002, 01:37:45 PM EDT

Yeah, I can see those dirty fingernails, alright... - (jb4) - (16) - June 19, 2002, 01:31:20 PM EDT

Invalid assumption - (ChrisR) - (15) - June 19, 2002, 02:36:05 PM EDT

OK, now I got you... - (jb4) - (3) - June 19, 2002, 03:36:48 PM EDT

Side bets - (ChrisR) - (2) - June 19, 2002, 06:05:49 PM EDT

I apparently didn't play at your casino... - (jb4) - (1) - June 20, 2002, 09:19:03 AM EDT

The analogy assumes... - (ChrisR) - June 20, 2002, 02:53:22 PM EDT

While I agree, that's kind of orthogonal - (drewk) - (10) - June 19, 2002, 04:05:09 PM EDT

Mixing up cause and effect - again. - (Arkadiy) - (6) - June 19, 2002, 05:21:47 PM EDT

There's a distinction - (drewk) - (5) - June 19, 2002, 05:40:47 PM EDT

How the hell did it come to exist - (Arkadiy) - (4) - June 20, 2002, 10:53:28 AM EDT

You're still focused on *why you would invest* - (drewk) - (3) - June 20, 2002, 12:22:42 PM EDT

Darn right I am. - (Arkadiy) - June 20, 2002, 01:48:14 PM EDT

Those Dot Coms employed a lot of people... - (ChrisR) - (1) - June 20, 2002, 01:59:23 PM EDT

I think that your sane exposition makes clearer the - (Ashton) - June 20, 2002, 11:10:51 PM EDT

On movies - (ChrisR) - (2) - June 19, 2002, 05:45:43 PM EDT

Oh I *know* it's wishful thinking - (drewk) - June 20, 2002, 09:15:57 AM EDT

"Everybody wants money. That's why they call it 'money'." -NT - (jb4) - June 20, 2002, 09:23:33 AM EDT

It's all about making money. - (ChrisR) - (6) - June 14, 2002, 10:26:44 AM EDT

This simple 'logic' might have sufficed before - (Ashton) - June 14, 2002, 04:41:29 PM EDT

Bullshit. - (CRConrad) - (4) - June 14, 2002, 07:26:23 PM EDT

You are correct sir - (orion) - June 14, 2002, 10:30:02 PM EDT

Well said, Sir Cyclic... - (jb4) - June 17, 2002, 09:27:15 AM EDT

Could be? - (ChrisR) - (1) - June 17, 2002, 02:13:13 PM EDT

A nice rebuttal.____But - (Ashton) - June 17, 2002, 03:32:40 PM EDT

It comes down to greed. - (tuberculosis) - (8) - June 16, 2002, 12:08:58 PM EDT

Re: It comes down to greed. - (Arkadiy) - (7) - June 16, 2002, 01:40:55 PM EDT

'Discretion' manages to put an upper-limit on 'wants'. - (Ashton) - June 16, 2002, 06:55:19 PM EDT

Re: It comes down to greed. - (tuberculosis) - (5) - June 17, 2002, 12:13:12 AM EDT

Yes it does. - (Arkadiy) - (4) - June 17, 2002, 10:39:01 AM EDT

I don't get your point. - (tuberculosis) - (3) - June 17, 2002, 05:57:41 PM EDT

But 'quantizing' greed may be the Red Herring - (Ashton) - June 17, 2002, 06:41:51 PM EDT

My point is... - (Arkadiy) - (1) - June 17, 2002, 08:54:21 PM EDT

Well I'm in a rare position this week - (tuberculosis) - June 17, 2002, 10:34:18 PM EDT

Re: What is wrong with business: the pictorial answer - (Ashton) - June 18, 2002, 02:59:32 AM EDT

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