According to the USA Today, Wednesday, August 30, 2007 the average CEO wage is 10.8 million a year while the average American wage is: $29,544 a year. That means the CEO makes $29,589 a day, 365 days a year; not just on the days the CEO works, but every day of the year. It's also more than the average American earns in one whole year! Do you think this type of greed might cause just a little bit of resentment? I sure do! Clearly a CEO has a much larger responsibility, but NO ONE is worth that large of a wage gap.
Since big business is governed by greed and greed seeks only to breed more greed, something must be done to contain it. Even if the CEO made 100 (one hundred) times the amount of the the average American worker, the CEO would still bring home nearly 3 million a year: $29544 x 100 = 2.95 million. We might be getting somewhat closer to a reality check. I personally prefer a 12 times the lowest wage in the company scale, but could live with 100 times multiplier. If the CEO wants a wage increase, everyone should get one. After all, the CEO would be CEO of nothing if it wasn't for those under his/her command doing the work.
In the most extreme case, a business that pays minimum wage, which is currently $5.85 hr., a joke by the way. See The Minimum Wage Joke for more regarding minimum wage. The CEO would still earn over 1.2 million a year using the 100 times multiplier. Pay injustice should not end at the wage, but should include benefits. If a CEO gets stock options, why don't the employees that do the work? If the CEO get medical, dental and vision, why don't the employees get the same coverage?
Something businesses seems to have forgotten, business needs workers as much as workers need business. It's a cycle. The investor invests in a company, the CEO carries the vision, management organizes the workers and the workers, work. Then those employees in turn buy the company's product., which profits both the company and the investor who back it. If anyone one link of the chain breaks, the whole operation suffers.
Henry Ford understood this principle. The individual must be paid enough to purchase the product he/she produced. Profits were and remain important to business success, yet paying the worker a livable wage is equally important. As stated earlier, businesses need the workers to produce the product and buy it, likewise the workers need the businesses for a paycheck. It's as simple as that.
Sadly, when CEO are paid such ridiculous wages, employees are resentful and embittered. Then productivity suffers. Additionally, when non-productive employees remain without accountability, we all suffer. We're in the game of life together and if we don't see it that way, an end is sure to come. All great things come to an end, but we don't need to speed the end up regarding the nation we live in, yet if corrections are not made and made soon, America as we know it will come to an end.

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