Friday, July 12, 2013

Them and Us

CEO’s salaries are up. The Economic Policy Institute says they brought home an average $14.1 million in 2012. The New York Times, looking at slightly different numbers, claims the news is even better, saying the median number is $15.1 million. That's a 16% increase in one year.

As for the rest of us, according to the Department of Labor Statistics, hourly wages plunged by a record-breaking 3.8% in the first quarter of 2013. The median household income in the United States is $51,400. A CEO earns that amount of money with a little bit more than a day's work.

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