the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
Dec 9, 2002
Over the last 30 years, average pay for American workers has moved upwards, but just a little. Adjusted for inflation, the average salary rose from $32,500 in 1970 to $35,800 in 1999, a modest increase of 10%.
During that same period, pay of the top 100 chief executive officers rose from an average of 1.3 million dollars in 1970 to 37.5 million in 1999–more than one thousand times the pay of ordinary workers.
By the end of the 20th century, times had been mighty good for a certain select few. But this is the 21st century, with more than enough wealth to go around if we’re ready to make sure it gets divided up.