Over the last week there have been a lot of discussions about the various types of inequality that exist in the United States, including gender, race and sexual inequality. These three areas were slightly overcome in the past few days with the first female shortstop being added to the MLB’s international registry, the Confederate flag being removed from many areas and the legalization of same-sex marriages.
Yet, a recent report revealed that income inequality is still as strong as ever and it is damaging the U.S. economy.
Worse yet, the study found that CEOs of large companies receiving outrageously high salaries while their workers can barely stay afloat financially have very little do with how talented the CEOs are or their performances:
Top CEOs were found to receive higher incomes each year based a great deal on merely their titles reports Marcio Alaor BMG. Essentially, CEOs believe they have the right to be paid 300 times the income of most average American workers because they are CEOs and; therefore, they get 300 times more.
This income inequality is causing vast economic problems across the nation because large company workers do not have enough money to add back into the economy. Those who are not among the 1 percent, or the top of the 1 percent, are facing increasing debts and losses because CEOs are refusing to share the wealth with those who are doing all the hard labor.