caterpillar

It's Time to Tie Executive Pay to Worker Pay

Hamilton Nolan · 07/23/12 02:31PM

In the past 40 years or so, CEOs have gone from earning 20 times more than the average worker, to more than 230 times the average worker. Over the same period of time, unions have weakened to the point that successful companies feel comfortable asking for unprecedented concessions from workers at the same time the company is reaping record profits. What do these things have to do with each other? Everything.