CEOs made 200 time more than what workers did last year according to the article. The good is that strong CEOs can command high wages and the bad is that there is greater disparity between the average and the top in society. Thus, we will need to think of ways to raise worker value and improve wages through broad based capitalism. The goal being to encourage larger scale development of whole society in a world where globalization requires greater mass competitive positioning.
Broad based meaning that a significant percentage of profits are funneled back into high potential innovative businesses, community initiatives that have net positive effects, infrastructure that improves transaction efficiencies, education/training, research, and other activities that raise the whole of society through economic fundamentals. Doing this naturally in a way that helps investors, entrepreneurs, and workers is a very big discussion that ranges from skill development to policy and investment vehicle creation (i.e. Delta County Hedge Fund as a possible example).
Some of the ways we can do that include,
1.) Improve human capital, education and training.
2.) Develop new and innovative products to ensure that the highest value products in the supply chain are produced domestically .
3.) Raise the earning power of workers with new technology that enhances creativity and productivity.
4.) Encourage advanced manufacturing to update and ensure they pay workers well.
5.) Support American companies that reinvest back into U.S. economy through encouraging small business, community development, infrastructure, and general human capital development.
6.) Got any thoughts of your own?
Article, CEOs made nearly 200 times what their workers got paid last year
The Research Poll, Equilar | Associated Press CEO Pay Study
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