Daily Clips: July 13th, 2016
CEO PAY REMAINS UP 46.5% SINCE 2009:
Exorbitant CEO pay means that the fruits of economic growth are not going to ordinary workers since the higher pay does not reflect correspondingly higher output. From 1978 to 2015, inflation-adjusted CEO compensation increased 940.9 percent, 73 percent faster than stock market growth and substantially greater than the painfully slow 10.3 percent growth in a typical worker’s annual compensation over the same period.
THINK GOVERNMENTS ARE A MESS? MARKETS DON’T:
Among investors, though, the full faith and credit of governments is at an all-time high, according to data compiled by Bloomberg.
2016 GOP PLATFORM IS RIDICULOUS: As the nation becomes more diverse and tolerant, the Republican Party decides to head in the other direction. Naturally.
Tweet of the day:
At the risk of repeating myself, remember always that it is in the media's interest to have a close election to pump ratings.
— Bruce Bartlett (@BruceBartlett) July 13, 2016
