There has been a lot of discussion about growing inequality in the US. This graph illustrates some of the causes. CEO compensation grew 298% between 1990 and 2005. Wages for production workers grew 4.3% and there was negative real growth in the minimum wage of -9.2%. CEO compensation was down from the peak during the dot com boom when it was fueled by the stock market bubble, but it rose faster than stock prices and faster than corporate profits.
Monday, October 31, 2011
Uneven Growth in Wages and Other Measures 1990-2005
There has been a lot of discussion about growing inequality in the US. This graph illustrates some of the causes. CEO compensation grew 298% between 1990 and 2005. Wages for production workers grew 4.3% and there was negative real growth in the minimum wage of -9.2%. CEO compensation was down from the peak during the dot com boom when it was fueled by the stock market bubble, but it rose faster than stock prices and faster than corporate profits.
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