Income Inequality: Much Worse Than Imagined

In America, the gap between CEOs’ and workers’ salaries is by far and away the largest of any of the 16 countries this study measured.  For instance, in South Korea, the perception is that CEOs make 42 times more than the average worker; in Australia, just over 41 times more, and in Taiwan, roughly 34 times as much.

Look one last time at the United States.  Here, the average Fortune 500 CEO makes more than $12 million per year.  That’s:

• nearly $5 million more than the earnings of top CEOs in Switzerland
• almost $10 million more than German CEOs
• more than 21 times more than what CEOs in Poland take home

What isn’t wrong with this picture?

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