CEO Pay Growing At 3 Times The Rate Of Everyone Else's: Study
From the SideBoob Gazette If you feel like your pay isn't going up, then you’re probably not a CEO. CEO pay rose 8 percent on average last year, according to an analysis from USA Today. The increase pushes the median pay to $9.7 million, and marks the biggest CEO pay boost in two years. But while corporate chiefs are raking it in, paychecks for us normals aren't going up all that much. The median pay raise for workers was between 2.7 and 2.8 percent last year, according to NBC News.So while workers are increasing their pay somewhat, CEOs are enjoying jumps that are three times that amount. Compensation expert Ravin Jesuthasan told NBC that workers should get used to the disparity -- experts expect the average raise to jump to 3 percent in 2013, but that’s becoming the "new normal," he said.
Because unemployment is still high, corporations can retain workers without huge pay boosts. Major companies squeezed more money out of workers last year as corporate profits soared to a record high. Ironically, it’s the companies’ record amounts of cash that prompt them to reward CEOs with such high salaries, according to USA Today.
At the same time, The New York Times reported earlier this year that wages, which have remained largely stagnant, are now a record-low share of the U.S. economy. The result: the U.S. median income fell to $50,054 in 2011, the most recent year with full-year data available.
Such Bullshit. When will these assholes realize that demand drives the economy? Please, anyone... Bueller?
Bruce Levine: Uniting Populists, Energizing the Defeated, and Battling the Corporatocracy
Bruce Levine concludes that the problem isn’t that we are a “center-right” country or an apathetic people. The issue is that we are a people who have been systematically beaten down by the corporatocracy. As a clinical psychologist, he sees the people as a whole as suffering from abuse syndrome — a people actively demoralized.
Over the Cliff: How Obama's Election Drove the American Right Insane
Bill O'Reilly - Hypocrite, Self Aggrandizing Asshole
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Fox News can kiss my Presidential ass.
Click here for Award-winning journalist Max Blumenthal's video summary of his new book that traces the rise of the radical right in the US and how it used the concept of personal crisis to grow as a movement and eventually capture control of the GOP to transform it from the party of Dwight Eisenhower to the party of Sarah Palin.
DownSize to Thrive, A Crash Course in 21st Century Survival
This is an awesome site created by my good friend Shaleia with lot and lots (a veritble plethora) of good, common sense ideas about surviving in these uncertain economic times.
Air America Radio - Rest In Peace, we will miss you.
That famous liberal media bias that you are always hearing about but can't get anywhere else.
Why We Need Government-Run Universal Socialized Health Insurance
Screwed: The Undeclared War against the Middle Class ... and What We Can Do about It
Under the guise of "freeing" the market, conservatives have enriched themselves and their fat-cat cronies and screwed everyone else. Beginning with the Reagan administration, the U.S. government has steadily instituted policies and legislation that favor corporations over citizens. This book nails the truth about how both parties have been screwing the American people, except for the one hundredth of one percent who earn over $6 million a year.