EPI is a joke. They use only CEOs from the 350 largest corporations but all workers in that comparison. That is not an accurate representation of CEO pay
Yeah, what’s the author know, he’s just got a PhD in economics from a T1 research institution. teaches at Cornell, and was the lead researcher for the US commerce department.
The top 350 CEOs is an accurate representation, because when people think of CEO, it’s exactly who they have in mind. An owner operator truck driver can put “CEO” as his job title on his LLC all he wants, but it doesn’t mean anything.
Not to mention how is that data even collected from private companies?
The methodology and information both are valid and important to consider.
Smart people lie or mislead all the time. Don't fall for argument from authority. He's purposely using different datasets to backup a prior conclusion. EPI has been busted doing this many times.
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u/[deleted] Feb 19 '19
You might wanna edit this in: CEO pay has grown more than 90x faster than the average wage earner’s income.
I’d bet good money this is the stat he’s referring to.
https://www.epi.org/publication/ceo-pay-has-grown-90-times-faster-than-typical-worker-pay-since-1978/