Executive Pay Major Factor In Ever Widening Wealth Gap

Wednesday, June 22, 2011
Peter Whoriskey, Washington Post

The evolution of executive grandeur — from very comfortable to jet-setting — reflects one of the primary reasons that the gap between those with the highest incomes and everyone else is widening.

[excerpt] For years, statistics have depicted growing income disparity in the United States, and it has reached levels not seen since the Great Depression.

The largest single chunk of the highest-income earners, it turns out, are executives and other managers in firms, according to a landmark analysis of tax returns by economists Jon Bakija, Adam Cole and Bradley T. Heim. These are not just executives from Wall Street, either, but from companies in even relatively mundane fields such as the milk business.

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Posted by Editor on 06/22/11 at 06:24 AM • (0) Comments

Tags: ceo, wealth, wealth gap, executives,