The Rich are Getting Richer...

Recent economic data released by the Labor Department show that steady increases in productivity have resulted in increased profits for businesses, but not increased compensation for the American workforce. This has left CEOs, their boards and shareholders, and their company's bottom line looking good. But the wages paid to average workers have not similiarly improved. Economists at the Economic Policy Institute calculate that during this business cycle, wages have grown less than half as quickly as compared to productivity as in the previous 7 business cycles. And Christian Weller and John Burton at the Center for American Progress note that four years into the business cycle, CEO pay and the pay of average Americans continue to pull farther apart. While economy continues to slog along, the few benefits and increases we are seeing are being concentrated in the hands of only a few.
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