By The Numbers

According to Dr Richard Wolff, who is always very accurate, the average pay for a CEO today is $238,000 a week. (Just under $1 million per month.)

I broke down the numbers further.

This comes to $5950 per hour (for a 40 hour week).

Going further, it equals $99.16 PER MINUTE.

Which equates to $1.65 PER SECOND.

Simply put, a CEO makes more money in 5 seconds than a minimum wage worker in the same company makes in one hour. The CEO can take a long sip of water or coffee and make more money than the worker, who spent an hour on their feet, tired, possibly sweating, dealing with difficult customers, handling sharp or hot instruments, etc.

I won’t bother going into the difference in benefits much which for the CEO means stock packages, bonuses for cutting staff, more bonuses for declaring bankruptcy and raiding pension funds or retirement accounts, full insurance paid for by the company (in other words, by low employee wages and jacked up prices for customers). All that becomes fairly moot when they could afford any catastrophic illness and have more money in investments than a real person could ever spend in multiple lifetimes.

I see capitalist puppets defending this system all the time. People who consider themselves oppressed billionaires, yet make less in a year than the CEO makes in a month. People who have no grasp of economics. They think they understand economics because they can use a computer program to balance their checkbook…