Executives and other highly compensated employees now receive more than one-third of all pay in the U.S., according to a Wall Street Journal analysis of Social Security Administration data -- without counting billions of dollars more in pay that remains off federal radar screens that measure wages and salaries.Look at that again. Executives and other highly compensated employees now receive more than one-third of all pay in the U.S.
Highly paid employees received nearly $2.1 trillion of the $6.4 trillion in total U.S. pay in 2007, the latest figures available. The compensation numbers don't include incentive stock options, unexercised stock options,...
This is just executive wages, mind you, and does not include the stock and bonuses they get paid - and for what? If you are an employee, do you think you are getting paid fairly for actually doing the work when the non-working suits get paid what each two of you employees gets paid?
Is the company getting its money's worth from the suits?
Do you wonder why they don't want you to unionize and get your representatives to sit down and ask for a fair wage increase when you, the workers, get more productive and do more work with fewer people?
Add this to the fact that under Bush, nearly half of the tax cuts went to these same suits. Yet somehow, they can't afford to help pay for your health care now. You, the worker are finding that the deductibles on your health insurance are going up so that the out-of-pocket medical expenses have risen over 50% since 2000.
Go back and look at the source of this report. This is from the Wall Street Journal, the daily newspaper for the suits themselves. It's not propaganda.
This is what the Reagan Revolution was all about. Creating a new American high-paid aristocracy that is above the law, untaxable, and not responsible for American society as they live in their gated communities. This is the people on Wall Street with their high wages followed with multimillion dollar (and currently taxpayer subsidized) bonuses.