Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
This Is The Income Inequality Video CEOs Don’t Want Americans To See
Posted
October 3, 2014
Views
276,414
Likes
8,019
Comments
1,949
Engagement
3.61%
October 3, 2014
276,414
8,019
1,949
3.61%
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16:27Now Playing“If Michael Norton’s research is to be believed, Americans don’t have the faintest clue how severe economic inequality has become—and if they only knew, they’d be appalled.
Consider the Harvard Business School professor’s new study examining public opinion about executive compensation, co-authored with the Chulalongkorn University in Bangkok’s Sorapop Kiatpongsan. In the 1960s, the typical corporate chieftain in the U.S. earned 20 times as much as the average employee. Today, depending on whose estimate you choose, he makes anywhere from 272 to 354 times as much. According to the AFL-CIO, the average CEO takes home more than $12 million, while the average worker makes about $34,000.
In their study, Norton and Kiatpongsan asked about 55,000 people around the globe, including 1,581 participants in the U.S., how much money they thought corporate CEOs made compared with unskilled factory workers."* The Young Turks host Cenk Uygur breaks it down.
*Read more here from Jordan Weissmann / Slate:
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Income Inequality, War Profiteering, Justice Scalia & Dinesh D'Souza - The Young Turks 10/2/2014 News & Politics
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'Your Country Is Just Not That Into YouHow the Media, Wall Street, and Both Political Parties Keep on Screwing YouEven After You’ve Moved On' by Jimmy Dore. Buy it here
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