AFL-CIO President Richard Trumka says that "America faces an income inequality crisis because corporate CEOs have taken the raising wages agenda and applied it only to themselves", and he backs that up with the stat that "the pay gap between CEOs and the typical worker widened to 373-to-1" in 2014.
But that's "funny math" according to University of Michigan Flint economics prof Mark Perry. Perry points out that Trumka's math suffers from a host of logical and numerical fallacies and that the actual CEO to worker ratio is more like four to one.
We get no small number of commenters here on Staffing Talk bemoaning the power of corporations and the CEOs that run them. While I can understand the frustration of someone who is out of work or underemployed, I find the anti-corporation slant misdirected.
After all, you can in most states create a corporation quite easily. I did it recently myself here in Minnesota. It took a couple days to process, but the overall cost was less than dugout level seats for me and a friend at a recent Twins game.
The good news is that it's still easy to start your own corporation here in America. And if you're a great worker - a techie, a painter, a nurse - you can translate that into immediate sales by selling your own time.
The negative is that you'll have to deal with the fact that as a CEO, you are public enemy #1 of the AFL-CIO.