- In 1980, the CEO-Worker Pay Gap was 42-to-1
That means that the Average CEO made 42 times the average worker.
- In 2009, the CEO-Worker Pay Gap was 344-to-1
- In 2007 the top 300 thousand Americans collectively earned as much income as the bottom 150 MILLION Americans. Per person, the top group received 440 times as much as the average person in the bottom half, nearly doubling the gap from 1980.
- The top 1 percent received 21.8 percent of all reported income in 2005, more than double the share from 1980. The peak was in 1928, when the top 1 percent reported 23.9 percent of all income.
These numbers have not radically shifted with the 08-09 downturn. Today the landscape of US wealth looks like the pre-depression boom.
I haven't seen the new Robin Hood flick with Russell Crowe, but from what I've read, it tends to underplay the "robbing the rich and giving to the poor" theme, choosing instead sweeping, large-scale battle scenes - a war paradigm. I can't speak for what I haven't watched, but if that's true, it's a good thing. Today, the last thing Americans want is someone robbing from the rich to give to the poor. Our social value system has been so corrupted by rampant debt under robber baron economics – a matrix dominated by the wealthy few, hidden from equity and social accountability by opaque multinational corporations and government regulations and tax laws skewed to favor the rich and powerful - that most of us don't even realize we have a national case of Stockholm Syndrome (as Derek Webb poignantly sings about in his latest album) - we have fallen in love with the captors who are raping us. This is the horror of empire.
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