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On
average, the best-paid 100 corporate executives make more than 218 times
as much as a Canadian working full-time for a year at the average of
weekly employment earnings.
According
to a report by the Centre for Policy Alternatives, every nine hours and
33 minutes the top CEOs pocket the national average Canadian wage of
$38,998 .
In 2006
the best-paid CEOs made an average of $8,528,304 .
The
income gap is huge and growing between the rich and everyone else –
especially the working poor who earn the minimum wage. By 1:04 p.m. on New Year's Day the top
execs took home what it will take a minimum wage worker all of 2008 to
earn. Every four hours and four
minutes they will keep getting the annual income of a full time full year
minimum wage worker.
Capitalist
ideologues preach that the corporate elite are worth that much, and
more. But are those at the bottom
really worth so little? Leave it
to the “free market” to decide—not!
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