According to a report from the AFL-CIO, in 2010 CEOs earned about $11 million on average, about 343 times the average pay of the rest of the country, highlighting the blatant economic inequality in America."Despite the collapse of the financial market at the hands of executives less than 3 years ago, the disparity between CEO and workers' pay has continued to grow to levels that are simply stunning," said Richard Trumka, AFL-CIO president.
In 1980, CEO pay was only at 42 times what the average American made, according to the AFL-CIO. This reaffirms data from sources such as the CIA World Factbook.
All income growth for the last forty years has gone to the top 10%