When Wisonsin Governor gave a speech at Chicago’s Union League Club the morning of Nov 3rd, he has some unexpected guests: Stand Up! Chicago
I think this is great. All the folks participating paid to get in, and then used their voices to make a point.
I have no problem with people getting rich, but when the gap between average workers and CEOs grows and grows at an incredibly exponential rate, there’s a problem.
According to the AFL-CIO, in 1980, CEOs at the largest companies received 42 times the pay of the average worker. In 2000 the gap hit a high, with CEOs making 525 times the average worker.
In 2010, the gap narrowed a bit with CEOs making 343 times the average worker.
“Despite the collapse of the financial market at the hands of executives 3 years ago, the disparity between CEO and workers’ pay has continued to grow to levels that are simply stunning,” said Richard Trumka, AFL-CIO president.
Why can’t average worker’s salaries keep pace with CEOs? Or at least something closer to parity? Yes, CEOs are running the companies, but clearly the vast majority of profits are going to the very top execs and the folks doing the actual labor are NOT seeing a fair share of profit through their participation.