Thursday, June 22, 2006

Capitalism at its Best

This article details the incredible disparity between the salary of the average worker vs. the salary of the average CEO. Some figures:
  • The average CEO daily paycheck: $42,000.
  • The average worker made about $400 less last year than the average CEO made in one day.
  • The average CEO made 262 times what the average worker made.

5 comments:

Anonymous said...

Yesterday in Kansas City I watched Angel Berroa, the Royals shortstop, drop a simple infield fly ball that cost the Royals two runs. I wonder what he gets paid for his skills on a daily basis, I'm too lazy to look it up. I'm sure it's more than I make in a year and I dominated wiffle ball in High School PE. -

JD, HHS class of 94

jwd said...

Berroa is being paid $2,000,000 this season, which is roughly $12,346 per game.

Noah Braymen said...

That makes me feel better Josh:) J/K...

We have to be content with our wages...I am, but I bet Berroa really is:)

How do we even start to change a culture that clearly values the wrong things. I'm pretty sure President Bush makes way less than that...

man...

jwd said...

The President is no CEO, but he still makes more than $1000 a day with his $400,000 yearly salary, not including his $50,000 non-taxable expense account.

But presidents get pretty sweet pension plans. Bill Clinton stands to collect $7.29 million, although Reagen's was a paltry $2.5 million.

I do find it interesting that the presidential salary stood at $200,000 a year for some 30 years. Too bad the president can't vote himself a raise as easily as Congress can.

Anonymous said...

I am courious if the average worker salary includes CEOs' salary. I bet you it does. I am courious to know what the average income per worker excluding CEOs compared to CEOs' income. I wouldn't change much but the gap would increase a little bit
Zach K.