What Happened to the American Dream? Center for American Progress
The New York Times recently reported that the average CEO made nearly $10 million last year. That's the average salary for CEOs at 179 large companies. The average worker, on the other hand, earns just under $30,000 per year, according to the Bureau of Labor Statistics. This means that CEOs now take home upwards of 250 times the average worker's wage.
What is it about the American labor market that produces such massive inequality?