The 1950s sucked. TV was black and white and kinda circular, and it was the hottest game in town. The Internet was but a fond twinkle in the eye of Vannevar Bush. And cars got about 2 miles to the gallon.
But CEOs made only 10 or 20 times what their workers made. Today, that multiple is as high as 380 … which means that the average worker needs to work a month to make what their chief executive makes.
And meanwhile, federal tax rates in the U.S., which in the 1950s were as high as 91 percent for the highest earners, are now down to the 20 percent range.
All the sad details are in the infographic below from ForensicAccounting.net.
photo credit: Beverly & Pack via photo pin cc