The Who’s Better Off Game:Management Workers

Think chief executives have had it easy under Bush? Well, you’d be right. And you’d be wrong. The slumping economy has hit management employees head-on. The management boom of the late ’90’s evaporated as companies folded or scaled back. But those managers who survived have seen salaries soar — particularly among the highest-paid executives…

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So, are management employees better off today than in 2000? Well, yes and no. But mostly yes.

There’s no doubt that managers — particularly chief executives — endured a rough few years early in George W. Bush’s tenure. No, we’re not talking about the financial scandals which have sent so few executives to prison. We’re talking about the death of the late 90’s management boom.

The casualties of that death can be seen across the country: Nearly 130,000 CEO jobs have disappeared since 2000. But the real picture isn’t quite so grisly. Those executives that managed to keep their jobs have made out handsomely. Between 2000 and 20003, CEO salaries skyrocketed. Even adjusted for inflation, CEO’s are making nearly 25 percent more today than they were when George W. Bush took office. And that figure doesn’t account for the huge windfall of the Bush tax cuts. For average filers earning more than $100,000 (the average salary for CEO’s in 2000 was 104,630), the Bush tax cut reduced taxes by nearly 17 percent.

Other managers haven’t fared quite as well as CEO’s. Human resources managers, for instance, have seen a similar hemorrhaging of jobs — between 2000 and 2003, nearly 24 percent of all HR manager jobs were elminated. But they have also seen wages climb — just not as dramatically as their better-paid management colleagues. Human resources managers are earning about 11 percent more today, in real income, than they were in 2000.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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