A CEO is worth 62 presidents

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Sure, corporate profits and stock prices boomed in the 90s, but the real growth story was in CEO salaries. Your average corporate exec’s paycheck swelled by 535 percent in the last 10 years — more than four times the growth rate of profits of the companies they run, according to a new study from UNITED FOR A FAIR ECONOMY.

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8/26 – Black rhinos buy the farm That unhappy portion of the citizenry that doesn’t hold keys to executive washrooms, of course, made out considerably worse. The average workers’ pay rose only 32 percent in the 90s. If salaries for normal folks had risen at the same rate as those of CEOs, production workers would be pulling in $114,035 a year, and the minimum wage would be $24.13 an hour. But at least ordinary-wage slaves aren’t the only ones being left in the dust: CEOs today also make 62 times the salary of the President of the United States.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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