Corporate America

Fodder for the revolution:

 

 

A salute to American workers, who the United Nations just reported are second only to Norway’s laborers when it comes to productivity.

The chief executives at the biggest U.S. companies last year made as much money in a single day as the average worker made for the whole year.

The managers of the 20 top hedge funds and private-equity shops made more every 10 minutes last year, on average, than the average worker made for the whole year.

many workers got a break on July 24, when the federal minimum wage was increased to $5.85 from $5.15 — the first increase in the federal minimum wage in 10 years. But the minimum wage is still 7% below where it was 10 years ago, adjusted for inflation. Meanwhile, CEO pay has gone up 45%, adjusted for inflation, in the same period, according to the "Executive Excess 2007" report.

 

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