eat the rich

75% Of Middle Class Households Can't Keep Up With Inflation

75% Of Middle Class Households Can't Keep Up With Inflation
Meanwhile, the average S&P 500 CEO-to-worker pay ratio hit 324-to-1 last year. So that's fun.
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According to a new report from Primerica and Change Research, 3/4ths of middle-income families say their wages are falling behind inflation. Some other disturbing stats: the pandemic increased the ratio between CEO pay and worker pay by 23%. Want more terror? “Last year the average CEO-to-worker pay ratio of S&P 500 companies was 324-to-1. In 2020, it was 299-to-1. And in 2019, it was 264-to-1,” Fred Redmond, AFL-CIO’s Secretary-Treasurer said.

This is all to say, things are going very well for the extremely rich and uber-wealthy and things are not great for the rest of us. We've collected some charts and graphs and figures from a terrific substack article about this very topic, which you can read here, to highlight what is going on with Greedflation. That term is used to describe what's going on with inflation due to rising prices and increased corporate profits and CEO compensation while wages are decreasing.

All of these images are sourced from the Bureau of Labor Statistics and AFL-CIO.





Comments

  1. Amy Johnson
    So true each country is trying to fight their currency but in the middle the people of this world suffer paying out to banks who are robbing us.

  2. Amy Johnson 1 year ago

    Please. Stop. Saying. Inflation. Inflation is when currency no longer has gold/resources to back up its value and becomes less valuable per dollar. This is happening, but is by far the minority of the cause of what is going on here. It's just a convenient scapegoat for conservatives to distract people who don't understand economics from the wage inequity, corporate greed, and the rich manipulating the system. Just stop saying it and say what's actually happening.


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