How do you get from Bill's comment to any suggestion that the janitor should make as much as the CEO? The issue is that CEO pay keeps going up while worker pay has been pretty much stagnant.
Today Fortune 500 CEOs make 204 times regular workers on average, Bloomberg found. The ratio is up from 120-to-1 in 2000, 42-to-1 in 1980 and 20-to-1 in 1950.
From 1978 to 2013, CEO compensation, inflation-adjusted, increased 937 percent, a rise more than double stock market growth and substantially greater than the painfully slow 10.2 percent growth in a typical worker’s compensation over the same period.
Your point is well taken and I agree with you. I wasn't thinking about large corporations when I replied to Bill. I was thinking about small to medium sized businesses where the CEO typically is the owner of the company. I should have made myself more clear. Being a small business owner myself, that is where my mindset is.
