Class War - US Style

CEOs of corporate giants who reported to the Associated Press that they enjoyed a median jump in income of 7% last year. And as their paychecks were already king-size, that uptick amounted to an extra $800,000 in their take-home, for a median yearly income of $12 million each. Bear in mind that “median” means half of the corporate bosses grabbed more than 7%. For example, David Zaslav, honcho of the Discovery television network, had a 207% boost in pay, raising his total take in 2018 to $130 million.

The pay gap between CEOs and typical employees nearly doubled last year at a range of corporate giants.

AP’s recent survey of 340 major corporations found that compensation inequality is now so extreme that a middle-wage employee would have to work 158 years to make as much as his or her chief executive was given last year alone. This separation is widening.

On everything from overtime pay and minimum wage to workplace safety and the right to form a union, Trump & Company has sided with corporate interests.  Trump has intentionally escalated the corporate war on working-class Americans. Under his regime, nearly half of all new income today is going to the wealthiest 1%.

https://www.alternet.org/2019/06/trumps-boasting-of-a-strong-economy-is-a-lie-to-cover-up-his-betrayal-of-the-working-class/