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  • In the United States, CEOS of major companies make, on average, 300 times what their workers

  • earn. While the average worker salary is about $50,000 dollars, many CEOs make tens of millions

  • of dollars. According to researchers, in 1970, this pay ratio of CEOs to average workers

  • was only about 20 to 1. So what happened? Why are CEOs paid so much more?

  • Well, first of all, America hosts some of the largest corporations in the world. Wal-Mart,

  • along with 16 other successful businesses are among the 50 highest grossing companies

  • in the world. In the US, a large portion of a CEO’s salary comes in the form of company

  • stock. CEOs of successful companies can see their worth increase dramatically alongside

  • the stock market, unlike most workers. Then, CEO salary options are often dictated by company

  • board directors, who the CEOs appoint themselves. Such close relationships leave little room

  • for pay cuts. Even if company performance drops, CEOs may still get a raise to inspire

  • investor confidence.

  • But the drastic gap between worker and CEO wages is a relatively new phenomenon. The

  • next highest gap is in Switzerland, where the disparity is about 1-to-150. This income

  • inequality took the national spotlight after the 2008 recession, but it started back in

  • the late 1970s and early 80s. As the globalization of the workforce became increasingly common

  • and outsourcing allowed companies to prosper, worker productivity steadily rose. Over the

  • last 40 years productivity nearly doubled. Yet, due to weak US labor laws and overseas

  • competition, wages for the middle and lower class have barely even kept up with inflation.

  • Meanwhile, company profits have exploded, with nearly all those profits diverted upwards.

  • America is woefully behind in labor rights, compared to many other developed countries

  • like Germany and Sweden. A pattern of undercutting workersinterests puts America on par with

  • Iraq and Yemen in labor rights.

  • In August 2015, the US Securities and Exchange Commission implemented a new rule that requires

  • companies to disclose the wage gap between CEOs and the average workers. Experts agree

  • that this could show shareholders which companies prioritize their employeessuccess. Although

  • CEO wages and profits help America stay competitive on a global scale, it is America’s workforce

  • that is paying the price.

  • Besides making way more than their low-level employees, many American CEOs have cleverly

  • learned to avoid paying BILLIONS in taxes. To find out how they do it, check out this

  • video. Thanks for watching TestTube News, don’t forget to like and subscribe for new

  • videos every day.

In the United States, CEOS of major companies make, on average, 300 times what their workers

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CEOが大金を稼ぐ理由はここにある (Here's Why CEOs Make So Much Money)

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    張強 に公開 2021 年 01 月 14 日
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