It's good to be chief executive.
American CEOs saw their pay spike 15 percent last year, after a 28 percent pay rise the year before, according to a report by GMI Ratings cited by The Guardian. Meanwhile, workers saw their inflation-adjusted wages fall 2 percent in 2011, according to the Labor Department.
That's in line with a trend that dates back three decades. CEO pay spiked 725 percent between 1978 and 2011, while worker pay rose just 5.7 percent, according to a study by the Economic Policy Institute released on Wednesday. That means CEO pay grew 127 times faster than worker pay.
Income inequality between CEOs and workers has consequently exploded, with CEOs last year earning 209.4 times more than workers, compared to just 26.5 times more in 1978 -- meaning CEOs are taking home a larger percentage of company gains.
That trend comes despite workers nearly doubling their productivity during the same time period, when compensation barely rose. Worker productivity spiked 93 percent between 1978 and 2011 on a per-hour basis, and 85 percent on a per-person basis, according to the Federal Reserve Bank of St. Louis.
Meanwhile, workers saw their inflation-adjusted wages fall in recent years as corporations postponed giving raises while adding to their record corporate profits
http://www.huffingtonpost.com/2012/05/02/ceo-pay-worker-pay_n_1471685.html
American CEOs saw their pay spike 15 percent last year, after a 28 percent pay rise the year before, according to a report by GMI Ratings cited by The Guardian. Meanwhile, workers saw their inflation-adjusted wages fall 2 percent in 2011, according to the Labor Department.
That's in line with a trend that dates back three decades. CEO pay spiked 725 percent between 1978 and 2011, while worker pay rose just 5.7 percent, according to a study by the Economic Policy Institute released on Wednesday. That means CEO pay grew 127 times faster than worker pay.
Income inequality between CEOs and workers has consequently exploded, with CEOs last year earning 209.4 times more than workers, compared to just 26.5 times more in 1978 -- meaning CEOs are taking home a larger percentage of company gains.
That trend comes despite workers nearly doubling their productivity during the same time period, when compensation barely rose. Worker productivity spiked 93 percent between 1978 and 2011 on a per-hour basis, and 85 percent on a per-person basis, according to the Federal Reserve Bank of St. Louis.
Meanwhile, workers saw their inflation-adjusted wages fall in recent years as corporations postponed giving raises while adding to their record corporate profits
http://www.huffingtonpost.com/2012/05/02/ceo-pay-worker-pay_n_1471685.html
detroit water department employs horseshoer, but has no horses
http://www.michigancapitolconfidential.com/pubs/mcc/
http://www.michigancapitolconfidential.com/pubs/mcc/
Read the whole story not just post headlines. Also out of the Central Services are the mounted horse division of the Detroit Police.
"DWSD has a blacksmith shop in our Central Services Facility," Edwards said. The shop "also ... repairs equipment and works with various metals and welding for the department when needed." The horseshoer now works at the Central Services Facility.
The city pays $29,245 in salary and about $27,000 in benefits for the position.
Lot of bashing of Detroit in this thread. The history of its music is 2nd to none. One of so many gems that are a part of its history.
Saw this in another thread and felt it belonged here as well. It's not ALL depression in the D.
Kid's a good guy who really steps up and gives back to the city.
Saw this in another thread and felt it belonged here as well. It's not ALL depression in the D.
Kid's a good guy who really steps up and gives back to the city.
Today's breaking Detroit city news.....
Police chief suspended for his 2nd affair since he's been in office.
How do you lead by example when your cheating on your wife with your underlings?
You just cant make this shit up.
http://www.freep.com/article/201210...dal-affair?odyssey=tab|topnews|text|FRONTPAGE
Heres a better article.
http://www.detroitnews.com/article/...ex-scandal?odyssey=tab|topnews|text|FRONTPAGE
Police chief suspended for his 2nd affair since he's been in office.
How do you lead by example when your cheating on your wife with your underlings?
You just cant make this shit up.
http://www.freep.com/article/201210...dal-affair?odyssey=tab|topnews|text|FRONTPAGE
Heres a better article.
http://www.detroitnews.com/article/...ex-scandal?odyssey=tab|topnews|text|FRONTPAGE
here's an idea : have the federal gov't but up the land that is so rock bottom cheap and turn detroit into a military town. My original thought after reading this thread was "bring in the national guard". but screw that... bringing in military to patrol is just going to cost money. Take it a step further. make it the HOME of our national guard.
Got a white mayoral candidate just threw his hat into the ring for next mayor. We haven't had a white mayor here since Coleman Young took over in 1974. 40 years of decay since.
Detroit's a financial mess. This guy took over all the hospitals years ago and has shown a profit for the last 9 years in a row. He might actually have a chance. But I doubt it.
They're never giving up power. They'll burn it down first.
Detroit's a financial mess. This guy took over all the hospitals years ago and has shown a profit for the last 9 years in a row. He might actually have a chance. But I doubt it.
They're never giving up power. They'll burn it down first.
http://www.myfoxdetroit.com/story/1...-with-squatter-in-my-detroit-house-woman-says
Forced to live alongside squatter in my Detroit house, woman says
Unreal.
Forced to live alongside squatter in my Detroit house, woman says
Unreal.
