In 1980 CEO compensation was 30 times what a typical worker earned. Today it is 300 times. While stock prices have gone up during the same period, according to this conservative economic journalist "little of the gains reflect better management." This is a short article worth reading. He concludes with this...
"Americans dislike aristocracy. Unless companies can find a more restrained pay system, they risk an anti-capitalist backlash. That is the ultimate danger."
I agree that this risk exists, but I wonder if there is not plenty of danger already in play for the millions of American working families whose real wages have stagnated since 1979, while increased worker productivity has generated explosive profits for the 1/3 of the 1 percent who are CEOs.
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