American Overlords and Serfs
By the year 2000 CEO pay had soared to the point where the average chief executive earned compensation equal to 500 times the average hourly wage.
In real buying power, an American today works, on average, for about the same wage he got before the Reagan administration. The average man earns less per hour worked than he did in the Carter years.
Plus, the average person owes more money to more people than ever before. Prior to 1980, household debt was 58 percent of annual income on average; By 2005 it was 113 percent of annual income.
Today America has the biggest trade deficit, the biggest federal debt, the biggest financing gap, and the most consumer debt ever.
