I was minding my own business looking for executive salary to bonus numbers and stumbled across the Economic Policy Institute page on CEO pay. Did you know that the ratio of CEO-to-worker compensation has increased from 20.0 in 1965 to 295.9 in 2013? Where did the middle class go? Are CEO’s that much more productive now? Are workers that much less productive now? What will happen if this trend continues?
Lots of questions, Marx and Schumpeter have some answers. Hopefully we do something to revive the middle class before either of those gentlemen are proven correct.