April 20, 2011

It's hard not to cuss these days

From the AFLCIO:

While 25 million unemployed and underemployed U.S. workers are drowning, CEO pay skyrocketed by 23 percent, for an average salary of $11.4 million in 2010, according to the AFL-CIO Executive PayWatch. Released today, data compiled at PayWatch also show CEOs have done little to create badly-needed jobs, instead sitting on a record $1.93 trillion in cash on their balance sheets.

The 2011 Executive PayWatch features the compensation of 299 S&P 500 company CEOs and provides direct comparisons between those CEOs and the median pay of nurses, teachers, firefighters and others. For instance, while a secretary makes a median annual salary of $29,980, someone like Wells Fargo CEO John Stumpf rakes in $18,973,722 million—632 times the secretary’s salary. The pay gap between Wall Street and Main Street has widened egregiously—as recently as 1980, CEOs made 42 times that of blue-collar workers.

There's more here and the full report is here.

And let's not forget the fact that the very wealthy are paying less in taxes. And there's a bit more here and especially here on the same subject.While we're at it, this article provides a good account of how things got to be this way.

El Cabrero grew up in a cussing family and I know a thing or two about obscenity. Trust me, it's obscene to talk about gutting Medicare and Medicaid and other programs that help low income and working people in the name of deficit reduction while continuing to cut taxes on the wealthy in a time of growing inequality.

OFF TOPIC BUT INTERESTING. I missed this Washington Post item when it first came out. It's an interesting take on how Glenn Beck kind of lost it.

TALKING SENSE. WV Senator Jay Rockefeller suggest that the US needs to get out of the current wars.

INTERESTING QUESTION. Ken Ward asks in Coal Tattoo whether WV's political leaders believe in science.


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