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Tag Archives: Pay scales

Notes


Eugene Mirabelli, who writes the posts on Critical Pages, has been busy completing another novel and, he says, "Doing all the things the publisher keeps asking me to do." So the frequency of new posts had fallen off. However, he's back writing posts again, despite his age.

Please feel free to wander back through what's here or click on one of the subjects in the tag cloud over there. We think you'll find something of interest. Information about Gene Mirabelli's distinguished novel, Renato, the Painter, is available at www.mirabelli.net


Stamp Out Starving Writers! Buy their books! Start by patronizing your local independent bookstore. Bookstores have lots of books and they'll be glad to help you find whatever you want. We mean books. They'll match you with a book. Or just wander amid the stacks of books and you're sure to find something interesting.
Bookstore kissing 210
Sadly, the couple pictured here aren't taking advantage of the amazing number and variety of books at hand. But we hope you will.

CEO and Average Worker Pay

Recently a chart appeared on Facebook  and elsewhere showing CEO pay compared to the pay of the average worker in different countries.CEO & Worker Pay If the figures you had seen before made you angry, this chart would have made your head explode. It listed CEO pay in the United States as  475 times greater than the pay of the average worker. Now the chart has gone viral; it appears all over the place and is cited as evidence of the radical unfairness of  our economic system.

We’re grumpy skeptics at Critical Pages.  We’re skeptical even when what we read confirms us in our grumpiness. The chart about CEO and average worker pay appeared to have no author. It had no dates or sources. It turns out we had reason to be skeptical.

PolitiFact, the online project of the St. Petersburg Times that seeks the facts behind statements by politicians, has completed a study of the US figures on the chart. It turns out that the numbers were produced by three graduate students some six years ago.  “So what we’re left with,” says PolitiFact, ” is an unsourced, undated chart with numbers that, at best, were only correct (approximately) in 1999 and 2000 according to one measure, and wrong according to a different measure.”  According to PolitiFact,  “The latest number for the U.S. is 185 to 1 in one study and 325 to 1 in another — and those numbers were not generated by groups that might have an ideological interest in downplaying the gaps between rich and poor.”

There’s no question that the ratio of the CEO’s pay to the pay of the average worker is shamefully large.  Such disparities of pay are bad for everyone and bad for the economic system itself. No need to exaggerate.

A Change of Scene


If you've been here before you'll notice that we've made a few changes. Or maybe we should avoid responsibility and say that changes have occurred. We're not experts in HTML code and as we "improve" this website odd things happen, and if we begin to improve things at 8:00 in the evening we find ourselves still working and trying to undo our
improvements at 3:00 AM.