Over the past few years, CEO and top executive pay has gone through the roof - often regardless of whether they are doing their jobs well. In just ten years, the average compensation of a CEO at the largest corporations jumped from $3.7 million to $9.1 million. That's an increase of almost 150%, and yet economists say the pay hikes haven't meant these companies performed any better.
It's wrong for the privileged few to keep getting raises while their companies aren't reaching their goals - or while their workers don't get a fair share of the pie. Some of these CEOs have even slashed pension funds, but found a way to reward themselves with massive pay hikes. This is wrong.
And as CEO pay shoots through the roof, the minimum wage has been stuck at $5.15 per hour for ten years -- which means someone can work full-time and still raise their kids in abject poverty.
So CEO pay goes up 150% in just a few years, and minimum wage worker pay goes up 0% in 10 years. Whatever happened to getting a fair day's pay for a hard day's work? How can Republicans think this is just or fair?
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