Today is January 4, 2018. Today is Fat Cat day in the UK. It’s the fourth day of the year and the UK’s wealthiest Top Executives will have already earned more in four days than the average citizen will make all year, with executives earning 147 times as much as employees. In the US it is even worse. Glassdoor, an online job and salary reporting site, found that US chief executives were paid 204 times their employees’ median compensation. An Associated Press study in 2015 found S&P 500 CEO median pay was $10.8 million dollars a year. The U.S. Census Bureau stated the median household income in the US in 2017 was $59,039. That means top executives in America make almost as much per day as most Americans will make in an entire year. This is wealth inequality and it’s not good for anyone – at least not for very long. History has proven unequal societies are unstable societies.
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