Wednesday, February 24, 2010

Billionaire bailout society (Updated!)


"""The statistics are harsh: Since the mid-1970s the average real wage of non-supervisory production worker has actually declined by 18 percent, while the top earners saw enormous gains. The net result is this: the compensation of the top 100 CEOs compared to the average workers was 45 to 1 in 1970. By 2008 it was 1,081 to one. In 1960, the financial sector accounted for 15 percent of all corporate profits. By 2008 it was 35 percent.""""

now with Nam june Paiklink

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