Think Progress: Median pay for America’s 200 highest-paid chief executives rose to $14.5 million in 2011, a 5 percent increase over 2010, according to an analysis done by the New York Times. Worker pay, meanwhile, rose just 2.8 percent for the year. CEO pay on Wall Street rose even faster, growing by more than 20 percent in 2011. The average Fortune 500 CEO now makes 380 times more than the average worker, as CEO pay has grown more than 127 times faster than worker pay over the last 30 years. The growth in executive compensation that has contributed to skyrocketing levels of income inequality isn’t necessarily tied to performance of the top companies, however: while their pay continues to increase, average stock prices have remained flat, and many of the companies with the highest paid CEOs actually saw drops in their share prices over the course of the year.
CEOs make 380 times more than the average worker because they work 380 times harder than the average worker — that must be the reason, right? Romney and the Republicans want to give them more tax cuts because they need just a little more money to finally create some jobs. They want more for themselves and less for you. That’s the way America works.