As workers struggle to meet their day-to-day expenses and fight tooth and nail for a cost-of-living raise, CEOs continue to enjoy ballooning salaries that far outpace their employees’ salary bumps.
Income inequality has been exponentially on the rise since the second half of the 20th century. The U.S middle class, which once accounted for the majority of Americans, has been shrinking, while the salaries of top CEOs have increased by over 1,400% since the 1970s; in comparison, the average worker salary grew by just 18.1% in the same period, according to the Economic Policy Institute.
