Reply #12: It's all part of driving down pay for labor in favor of profit for owners [View All]

[TahitiNut]

The average worker's compensation for the wealth (s)he creates is the lowest in nearly 40 years. The following graph, based on quarterly BEA figures, doesn't even show the obscenely biased distribution of employee compensation to CEO's and other executives. Fifty years ago, the average CEO earned less than twenty-five times as much as the average employee. CEO compensation in the US is more than 540 times that of an average employee! In Japan, it's 10 times. In Germany, it's 11 times. In Canada, it's 21 times. In Mexico, it's 45 times.

When the inequity in compensation and the reduction in labor compensation is combined with the shift of the tax burden to the shoulders of workers instead of owners or inheritors, we see a full-scale war being waged on working people by the Busholini Cabal.

This is plantation economics: impoverished labor and arrogant elite.



http://blogs.salon.com/0003379/2004/03/14.html
http://www.businessweek.com/careers/content/apr2001/ca20010419_812.htm