Fifty-one million US households cannot afford “survival budget” - World Socialist Web Site
▻https://www.wsws.org/en/articles/2018/05/26/ceos-m26.html
As CEO compensation soars to new heights
Fifty-one million US households cannot afford “survival budget”
By Kate Randall
26 May 2018
Newly released data cast a revealing light on the state of income inequality in America a decade after the Great Recession. While CEO pay soars to unheard of heights, nearly 51 million US households cannot afford basic necessities like housing, food and health care. The figures show that a tiny oligarchy of the super-rich continues to tighten its grip over society, as more and more families struggle to get by.
The New York Times on Friday published the Equilar 200 Highest-Paid CEO Rankings for 2017. The survey, conducted annually by the executive compensation consulting firm Equilar, lists the pay packages awarded to CEOs at US public companies with more than $1 billion in revenue.