Reagan said it was "Morning in America" and it has been-- especially for the elites favored by the GOP. Let's take a look at CEO pay since "The Reagan Revolution" and the idiotic "trickle-down" that was justified by the evidence-free "Laffer Curve":
"[A]fter adjusting for inflation, CEO pay in 2009 more than doubled the CEO pay average for the 1990s, more than quadrupled the CEO pay average for the 1980s, and ran approximately 8 times the CEO average for all of the decades of the mid- 20th century. . .
"American workers, on the other hand, were taking home less in real weekly wages than they took home in the 1970s."
Of course it's not like that everywhere, it's not just having an advanced market economy. So I guess we can take comfort in the knowledge that, compared to their CEOs in Japan, "we" are winning hands-down. While our CEOs now 263 times the average worker's compensation, in Japan the ratio is only 16 to 1.
So, lucky us. We're still number 1 in some things.
For more see: thinkprogress.org/2010/09/01/ceo-compensation-workers
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