In 1965, corporate chief executives made 20 times as much as their company's typical worker, according to the Economic Policy Institute. Today, CEOs make on average 320 times as much as their employees. On the current federal minimum wage, workers earn less per hour in real dollars than their counterparts did 50 years ago.
The yawning chasm between these two classes has long been rationalized as the natural consequence of market economics. CEOs, so it goes, make more money because they create more value. But that's not the whole truth.
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