In 2010, salaries increased for both workers and CEOs. Good news, right? Not when you look at the disparity between how much salaries increased:
At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way back to prerecession levels, a USA TODAY analysis of data from GovernanceMetrics International found. Workers in private industry, meanwhile, saw their compensation grow just 2.1% in the 12 months ended December 2010, says the Bureau of Labor Statistics.
But we should definitely give those CEOs a tax cut, and take away benefits from the workers. That makes sense.