Americans Don’t Know How Bad Wage Inequality Is; Barsamian Explains at VC 10/2

Read this blog post and attend this event Thurs 10/2 at 1230 and the write about it for extra credit or to make up an absence…

art predator

140926_$BOX_PercentWealthOwned.png.CROP.original-originalDid you know that in California 50% of the people make less than $50,000 a year and that 50% make more? Or that if you make over $433,000 a year you’re in the top 1%? (In New York, it’s $511,000). That’s according to US Census data compiled in an article and via links from Business Insider.

Further, according to this report on CEO pay published  just over a year ago,

The modern history of CEO compensation is as follows, starting in the 1960s. Even though the stock market (as measured by the Dow Jones Industrial Average and S&P 500 Index and shown in Table 1) fell by roughly half between 1965 and 1978, both measures of CEO pay increased by 78.7 percent. Average worker pay saw relatively strong growth over that period (relative to subsequent periods, not relative to CEO pay or pay for others at the top of the…

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