Over the last three decades, CEO compensation grew far faster than that of other highly paid workers, those earning more than 99.9 percent of other wage earners. CEO compensation in 2012 was 4.75 times greater than that of the top 0.1 percent of wage earners, a ratio 1.5 higher than the 3.25 ratio that prevailed over the 1947–1979 period (this wage gain is equivalent to the wages of 1.5 high wage earners).[EPI]
Over the years I have covered income inequality on this site more than I care to remember. The sad fact is that the statistics show that it just keeps getting worse and worse. Nothing is getting easier for the common man and it seems as if everyone earning the top 1% of the income seems to think that this is somehow a sustainable model. In 2013 Congress had a chance to alleviate some of the pressure but instead chose to secretly repeal an act that would have kept executive pay in check.
Back in 2013 I wrote about how 75% of all Americans are living paycheck to paycheck. Being forced to choose between putting food on their table and fixing their car that just broke down, or paying for that emergency medical procedure that just came up.
These numbers aren’t pulled out of thin air, they’re based on facts that take years to collect. It’s a proven fact that the average American has little to no effect on policy decision in United States.
A startling new political science study concludes that corporate interests and mega wealthy individuals control U.S. policy to such a degree that “the preferences of the average American appear to have only a minuscule, near-zero, statistically non-significant impact upon public policy.”
Sadly so many of these facts seem like things that most people are resigned to. They’re not a surprise to anyone nor are they issues that haven’t been brought up before. The problem is that no one seems to know what the answer is or how to resolve any of these issues. The one thing we know for is that the people making all of the money, the people that keep getting richer at the expense of the rest of the country are never going to voluntarily decide to give up their wealth, to suddenly realize that they are the direct cause of the inequality and suffering that is taking place in this country.