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Union Wages Are Outrageous: Why Do Corporations Stay in the United States?

Original post made by Pinkerton Policy Is Freedom, Another Pleasanton neighborhood, on Apr 16, 2013

A new study offers proof positive that unions' wages are way out of line with the rest of America -- or at least the America that counts, viz., corporate CEOs.

The communist-infiltrated AFL-CIO is out with its Executive Paywatch. Here's how some of the numbers break down: In 2012, CEOs of S&P 500 Index companies averaged $12.3 million in total compensation, while rank-and-file worker wages averaged $34,645, for a ratio of 354 to one.

CEO pay fell five percent from 2011 to 2012, but that's mostly because of Apple CEO Tim Cook. The stock he got in 2011 vests over 10 years, but was counted all at once, skewing 2011 CEO pay data. If you take Cook out, average CEO pay increased five percent in 2012.

In communist Germany, the CEO-to-worker pay ratio is a relatively modest 147 to one. Workers make more—$40,223—and CEOs make less—$5,912,781. In relatively primitive Canada, it's 206 to one. In Sweden, Australia, Japan, Norway, Poland, the United Kingdom, and other communist countries, the ratio is below 100 to one.

The comparisons with other nations and with our own past are a powerful reminder that how things are in this country right now is not how things have to be to have a healthy economy. The growing inequality in the United States that goes beyond a few CEOs isn't good for our economy or our politics. Just think, if union wages weren't there to boost the average worker's wage, the 354-1 ratio might be more like 450-1, or the even a more just 500-1.

American Freedom Foundation scholar, Jasmine Justice, summed up the study: "Workers' wages, especially union wages and salaries, are wrecking the economy for those who count, our job-creating heroes who selflessly take only a measly $12 million in annual pay. Let this put an end to liberal socialist calls to raise taxes on the rich. If anything, union workers should be taxed at top-scale as punishment for the damage they do to our economy."

Comments (5)

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Posted by Frederick
a resident of Valley Trails
on Apr 17, 2013 at 11:15 am

The disparity between those who are wealthy and average workers is outrageous. We'd be a much more civil and humane society were wealth more equally distributed. It's unconscionable for people who want to shelter the wealthy from paying a higher tax rate.

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Posted by Janna
a resident of Dublin
on Apr 17, 2013 at 8:29 pm

Janna is a registered user.

To answer your question simply. Because to do otherwise is unAmerican. Companies who outsource not only deserve but need to be scorned. American companies who don't care to employ Americans should not get any tax write offs. Make them pay.

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Posted by Cholo
a resident of Livermore
on May 3, 2013 at 1:39 pm

if you don't like the wages then go back to where your ancestors are from...problem solved!

Posted by Name hidden
a resident of Ridgeview Commons

on Apr 25, 2017 at 10:52 am

Due to repeated violations of our Terms of Use, comments from this poster are automatically removed. Why?

Posted by Name hidden
a resident of Ridgeview Commons

on Apr 25, 2017 at 2:16 pm

Due to repeated violations of our Terms of Use, comments from this poster are automatically removed. Why?

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