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The Water Cooler
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is a 9.00 dollar minimum wage the answer?
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<blockquote data-quote="HiredHand" data-source="post: 2106225" data-attributes="member: 2469"><p><a href="http://www.washingtonpost.com/blogs/post-leadership/post/crazy-data-point-of-the-day-how-much-ceo-vs-worker-pay-has-grown/2012/05/11/gIQArUISIU_blog.html" target="_blank">http://www.washingtonpost.com/blogs/post-leadership/post/crazy-data-point-of-the-day-how-much-ceo-vs-worker-pay-has-grown/2012/05/11/gIQArUISIU_blog.html</a></p><p></p><p>Average CEO compensation, according to EPI’s calculations, rose 726.7 percent between the years of 1978 and 2011 - more than double the percentage increase in the Standard & Poor’s 500-stock index. Meanwhile, pay for the average private-sector nonsupervisory worker rose a startlingly meager 5.7 percent</p><p></p><p><a href="http://www.cnn.com/2012/07/25/opinion/henry-owens-minimum-wage" target="_blank">http://www.cnn.com/2012/07/25/opinion/henry-owens-minimum-wage</a></p><p></p><p>The real value of the minimum wage peaked in 1968. Had it kept pace with rising living costs, the minimum wage would exceed $10.50 per hour today. Meanwhile, the U.S. economy has been reorganizing over the past 30 years away from middle-wage jobs in manufacturing and construction and toward low-paying jobs in the rapidly expanding service, retail and restaurant industries.</p></blockquote><p></p>
[QUOTE="HiredHand, post: 2106225, member: 2469"] [url]http://www.washingtonpost.com/blogs/post-leadership/post/crazy-data-point-of-the-day-how-much-ceo-vs-worker-pay-has-grown/2012/05/11/gIQArUISIU_blog.html[/url] Average CEO compensation, according to EPI’s calculations, rose 726.7 percent between the years of 1978 and 2011 - more than double the percentage increase in the Standard & Poor’s 500-stock index. Meanwhile, pay for the average private-sector nonsupervisory worker rose a startlingly meager 5.7 percent [url]http://www.cnn.com/2012/07/25/opinion/henry-owens-minimum-wage[/url] The real value of the minimum wage peaked in 1968. Had it kept pace with rising living costs, the minimum wage would exceed $10.50 per hour today. Meanwhile, the U.S. economy has been reorganizing over the past 30 years away from middle-wage jobs in manufacturing and construction and toward low-paying jobs in the rapidly expanding service, retail and restaurant industries. [/QUOTE]
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