Wow. Just read this post http://hvchronic.com/2011/04/class-wars-and-koch-whores/
at the Hudson Valley Chronic. http://hvchronic.com/
Some of the interesting numbers…
“: in 1988, 63 percent of workers in large private sector firms participated in defined benefit pension plans; last year it was 30 percent; pensions are disappearing. (BLS, National Compensation Survey: Employee Benefits in the US for firms with more than 100 employees – retirement benefits)”
“Fewer firms are offering retiree health care benefits. Among firms that had 200 or more employees in 1988, 66 percent offered retirement health care; last year it was 28 percent.”
“Since around 1972 the gap between productivity and wages has exponentially increased. When we look at the ratio of the top 100 CEO salaries to the average worker’s salary in 1970 it was 45 to 1, then it more than quadruples to 321 to 1 in 1990, and now the top 100 CEOs in America are making $1,723 for every dollar you and I make. This is due to wage stagnation and decline for average workers. (Non-U.S. values from Michael Hennigan, “Executive Pay and inequality in the Winner-take-all society,” Finfacts Ireland, August 7, 2005, U.S. value from author calculation based on Hennigan and BLS at http://www.bls.gov/oes/2000/oes_51PR.htm)”
This is horrific, and I know this info has been circulating for a long time. But when are we going to DO something about this?!?!?!?