But consider how worker’s wages have been supressed for 20 years+.
Consider that in 1998 – a little over 20 years ago, the prevailing wage for an engineer in the US was around $120K-$140K. Take half the CEO pay gain since 1978 (40 years, roughly) – and apply it to the 1998 engineer pay figure.
That means a US engineer today should be making FIVE TIMES what they made in 1998 – roughly $600K.
Instead the bankers and jealous CEOs have driven wages down down down in the past 20 years.
Wage-fixing is a Federal crime, but that is exactly what corporate America is engaging in.
Most of corporate America is engaging in illegal activities by supressing wages.