Election Year or Fear!

[ramAnag]

PS by 1980 average wage was 78-80 per week per Hansard. Pointing to 2020 being (using 20% hoke) 95 a week.

So whatever your starting point in the 70's the 20% is a ridiculous assertion.

Back to the more adult stuff and very much aware that this is much more your area of expertise than mine, GP…the Independent suggests CEO pay has risen by 1322% since 1978.
The Economic Policy Institute suggests that the changes in CEO to worker wage ratio have gone from 21-1 in1965 to around 268-1 a couple of years ago.
The EPI also claims that CEO pay has ‘soared’ by 1085% since 1978 compared with a 24% average after inflation rise for ordinary workers.
I’m sure you are much more able to pick the bones out of all that than I am and I haven’t a clue about the reliability, or otherwise, of the EPI, but there would seem to be some truth in the figures MA provided.

[Geoff Parkstone]

Well of course you've totally changed the dynamic by introducing " inflation adjusted " into the random collection of numbers you've found.

[Geoff Parkstone]

PS the EPI is a left wing think tank whose objectives are very much "workers rights" related. Just saying.....

[ramAnag]

PS the EPI is a left wing think tank whose objectives are very much "workers rights" related. Just saying.....

I’d have thought ‘inflation adjusted’ went without saying but then, as I’ve already conceded, this is your area, not mine. I also pointed out that I had no idea about the credibility, or otherwise, of the EPI.

[MadAmster]

I’d have thought ‘inflation adjusted’ went without saying but then, as I’ve already conceded, this is your area, not mine. I also pointed out that I had no idea about the credibility, or otherwise, of the EPI.

Doesn't mean he can't use it as a stick to beat you...

[ramAnag]

Doesn't mean he can't use it as a stick to beat you...

Apparently not. ‘Twas ever thus. I’ll live with it.
Economics is his area of expertise, not mine, as I always readily admit.
In response to your original post on the subject I asked the question about the gap between CEO and more average worker pay.
The consensus seems to be that it has widened very considerably over the last half century or more. That’s not my opinion it’s the findings of my tiny amount of ‘research’ into your valid original question.

[MadAmster]

I find it frightening when I look at how large the increase in the wealth of the top 5% or so over the last 40 years compared to the rest of us. In the past 5 years the gap has grown enormously. Those rich folk have concluded that their immense wealth allows them to influence/own politicians and/or enter politics themselves. Examples? Putin has got exceedingly rich down the years, Trump, despite his many business failures, has managed to remain monied. Musk thought he'd got there without even having to go through an election, millionaires and billionaires the world over exert too great an influence on political policy.

As most of you have known for a while, I am not a fan of that system.

[SithHappens]

Anyone having issues getting on the forum? Says invalid link if try and access the ram inn, was able to find this thread through a search

[MadAmster]

No issues here.

[SithHappens]

Cleared everything down ok now