Why Should CEOs Earn 300 Times More Than Their Workers?
💰 Why Should CEOs Earn 300 Times More Than Their Workers?
The United Auto Workers (UAW) is demanding a 40% raise for its members over the next four years, matching the 40% compensation increase that CEOs of major automakers have received during the same period. This demand highlights the growing disparity between CEO and worker pay, a trend that has escalated over the years. In the 1960s, the CEO-to-worker pay ratio was around 20-to-1, but it has now reached approximately 300-to-1. The UAW's demand raises questions about the justification for such high CEO pay and underscores the need for systemic change.
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