Is disparity growing between the richest and poorest in America?

The Chicago Tribune reported today that “twenty-five of the 100 highest-paid U.S. CEOs earned more last year than their companies paid in federal income tax” according to a study done by the Institute for Policy Studies.

“inaccurate” says General Electric.  “simply wrong” is Boeing’s remark.

Some information I’ve been marveling over this year is from the newest edition of Ron Sider’s Just Generosity:

  • in 1960 CEOs made forty-one times the salary of the average factory worker
  • in 2003 CEOs made 301 times the salary of the average factory worker
  • in 2004 the ratio increased to 431
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