First, some history and numbers:
In 1965, CEOs typically earned 20 times the typical worker's pay.
By 1979, the ratio between a CEO’s pay and that of the median worker was 33 to 1.
As of 2021, the CEO-to-median-worker pay ratio had grown to 399 to 1.
According to the Economic Policy Institute, since 1978, CEO pay increased by more than 1,200%.
At the same time, the pay of the typical American worker rose 15.3%.
Inevitably, some of that obscene amount of CEO pay goes into PACs and campaign contributions.
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