I think what happened was the idea that CEOs of companies were entitled to much more than the worker bees started gaining popularity.
Corporate greed, basically.
https://www.epi.org/publication/ceo-pay-in-2022/
Cumulatively, however, from 1978–2022, top CEO compensation shot up 1,209.2% compared with a 15.3% increase in a typical worker’s compensation.
In 2022, CEOs were paid 344 times as much as a typical worker in contrast to 1965 when they were paid 21 times as much as a typical worker.
To illustrate just how distorted CEO pay increases have gotten: In 2021, CEOs made nearly eight times as much as the top 0.1% of wage earners in the U.S.
I'm just going to point out that there seems to be a big shift in the attitude concerning wages in the US in a rarely short amount of time.
If back during the Great Recession someone were to complain about not making enough money and saying people should be getting living wages, they would be given a lecture on how Capitalism works, told to work harder, get a better job, go back to college, learn how to save money, and pull themselves up from their bootstraps.
But now you see even conservative people saying the wage imbalance in the US is ridiculous and making the same arguments that liberals were making during the Great Recession.
I think what happened was the idea that CEOs of companies were entitled to much more than the worker bees started gaining popularity.
Corporate greed, basically.
https://www.epi.org/publication/ceo-pay-in-2022/
I'm just going to point out that there seems to be a big shift in the attitude concerning wages in the US in a rarely short amount of time.
If back during the Great Recession someone were to complain about not making enough money and saying people should be getting living wages, they would be given a lecture on how Capitalism works, told to work harder, get a better job, go back to college, learn how to save money, and pull themselves up from their bootstraps.
But now you see even conservative people saying the wage imbalance in the US is ridiculous and making the same arguments that liberals were making during the Great Recession.