CEO pay is up about 44 percent since 2007 in nominal terms, and up about 38 percent when you account for inflation. For ordinary workers, pay has decreased 5 percent since 2007 when you account for inflation.
In practice, however, much of what sets the United States apart from other countries today is actually Southern exceptionalism. The United States would be much less exceptional in general, and in particular more like other English-speaking democracies such as Britain, Canada, Australia and New Zealand were it not for the effects on U.S. politics and culture of the American South.
I don’t mean this in a good way. A lot of the traits that make the United States exceptional these days are undesirable, like higher violence and less social mobility. Many of these differences can be attributed largely to the South.
I saw a woman at Dallas-Fort Worth International yesterday wearing a shirt with the outline of Texas and the word “Secede” on it.
Nearly three-quarters of the people helped by programs geared to the poor are members of a family headed by a worker, according to a new study by the Berkeley Center for Labor Research and Education at the University of California. As a result, taxpayers are providing not only support to the poor but also, in effect, a huge subsidy for employers of low-wage workers, from giants like McDonald's and Walmart to mom-and-pop businesses.
Few things anger me as much as wildly profitable corporations pushing their costs onto taxpayers, then using the savings to lobby against things like minimum wage increases and unionization efforts.
As communities are heading back to school, we’d like to take a moment to celebrate the educators who are also our Uber partner drivers.
This is what we’ve built for ourselves in the wealthiest country on earth with some of the most advanced technology.
An analysis of compensation data publicly released by Equilar shows little correlation between CEO pay and company performance. Equilar ranked the salaries of 200 highly paid CEOs. When compared to metrics such as revenue, profitability, and stock return, the scattering of data looks pretty random, as though performance doesn't matter. The comparison makes it look as if there is zero relationship between pay and performance.
Love the trend line.