Since the financial crisis in 2008, CEO salaries are up an astounding 181%.
The median pay package for the CEO of a large company is now north of $10 million.
And if you think that’s ridiculous, wait until you see how much CEOs at the banks are making…
Back in 2009, chief executives from JP Morgan (JPM), Bank of America (BAC), Goldman Sachs (GS), Morgan Stanley (MS), Citigroup (C) and Wells Fargo (WFC) made a total of $36.8 million.
Yet MarketWatch reports that they pulled in a combined $96.1 million in 2013.
Brian Moynihan, CEO of BAC, racked up a cool $13 million alone. And he was the lowest-paid of the bunch!
So with CEO salaries now blasting beyond pre-crisis levels, it must mean the economy is booming, right?
Tell that to the average U.S. worker…
New Version of the 'Old Story' of the Little Red Hen.
"Who will help me plant my wheat?" asked the little red hen.
"Not I," said the cow.
"Not I," said the duck.
"Not I," said the pig.
"Not I," said the goose.
"Then I will do it by myself." She planted her crop and the wheat grew and ripened.
"Who will help me reap my wheat?" asked the little red hen.
"Not I," said the duck.
"Out of my classification," said the pig.
"I'd lose my seniority," said the cow.
"I'd lose my unemployment compensation," said the goose.
"Then I will do it by myself," said the little red hen, and so she did.
"Who will help me bake the bread?" asked the little red hen.
"That would be overtime for me," said the cow.
"I'd lose my welfare benefits," said the duck.
"I'm a dropout and never learned how," said the pig.
"If I'm to be the only helper, that's discrimination," said the goose.
"Then I will do it by myself," said the little red hen.
She baked five loaves and held them up for all of her neighbors to see. They wanted some and, in fact, demanded a share but the little red hen said, "No, I shall eat all five loaves."
"Excess profits!" cried the cow. (Nancy Pelosi)
"Capitalist leech!" screamed the duck. (Barbara Boxer)
"I demand equal rights!" yelled the goose. (Jesse Jackson)
The pig just grunted in disdain. (Harry Reid)
And they all painted 'Unfair!' picket signs and marched around and around the little red hen, shouting obscenities.
Then the farmer (Obama) came He said to the little red hen, "You must not be so greedy."
"But I earned the bread," said the little red hen.
"Exactly," said Barack the farmer. "That is what makes our free enterprise system so wonderful. Anyone in the barnyard can earn as much as he wants. But under our modern government regulations, the productive workers must divide the fruits of their labor with those who are lazy and idle."
Maybe the 'little man' should start looking for a job, rather than waiting for somebody else to do something for him/her. Here's a list of opportunities:
The 10 Hardest Jobs To Fill In 2014
1.Skilled Trade Workers
2.Restaurant and Hotel Staff
6.Accounting and Finance Staff
Then, go get one, if you can. You apparently are among the few who haven't exhausted their resources and energy trying to get a job. Too many people are still competing for the same jobs. The article you read is just trying to put lipstick on a pig, trying to paint a rosier picture than exists. The civilian workforce is the lowest its been for almost 40 years, not because there is an over abundance of unfilled jobs available.
"Since the financial crisis in 2008, CEO salaries are up an astounding 181%.
...Tell that to the average U.S. worker"
As is not unusually the case, a right-wing wacko is actually a Marxist.
The hi paying jobs for the little guy?????? I guess you mean by hi paying for the little guy, something north of
$30.00 an hour or $60K per annum!!! They are only available in Wisconsin IF you work for the government, or are a tradesman. Lots of jobs in Wisconsin up to $10.00, after that very sparse. Good for small employers like me, but most of my employees are either bored or broke retirees. And the pay is no more than $8.00
Per hour. And I have applicants constantly. This is, I believe the new normal until we have a change in both
Houses and the President. Good luck to recent college grads, they are a dime a dozen, and their debt is staggering.
Actually, skilled workers in this country do quite well, in terms of pay. It is the unkilled workers who are really suffering. There are three routes to ease their dillema:
1. Our country can become socialist and take from the rich and give to those less well-off. A centralized government can control our whole economy. And, of course, those on the dole will vote for them to insure the socialists remain in power and continue giving them food stamps, free health care, section 8 housing, disability checks..............etc. Unfortunately, for those on the dole, productivity to the economy or society is nil.
2. Or, those with no skills can improve their lot by acquiring a skill. Unless they have a skill and their labor services are in demand nobody is going to pay them a good wage.
3. Land a plum union job with the government or with the big labor unions. Pay and benefits are great, despite lack of any skills. Unfortunately, as with the socialist model, productivity is next to nil.
You have way oversimplified the plight of the US worker. Simple fact is the jobs have to be there first before a worker even need to acquire the skill. The jobs are not here anymore. A generation ago, most unskilled workers gained their work skills by "on the job training", which would still be good today if the government hadn't stepped in requiring everybody to be certified at a skill or trained by an outside or third party before they can even apply for that job, even for something as simple as driving a forklift. My generation learned while doing. I can remember the first day I climbed into an indoor overhead crane in an aluminum reduction plant. The crane was used to tend aluminum pots. Our foreman gathered about five of my crew and demanded a volunteer. We were all hesitant having never operated one before. I eventually volunteered. That's how we learned in my day. It was a union job. Nowadays you have to get certified before you can operate machinery. Guess we'll eventually have to be certified to use a can opener at the rate things are declining in the USA.