The recent economic downturn has led to millions of workers worldwide becoming unemployed, but for some members of the capitalist class it has led to an obscene growth in their wealth. "The average salary in the U.S. was $33,000 in 2008- and though that is the most recent data, it does not even account for the brunt of the recession. That is basically nothing when compared to the $604.9million made by the top ten earners last year. The elite one per cent group includes anyone making over $380,000 per year, and the top ten CEOs make well above that. The top spot is held by John Hammergren, 52, the CEO of pharmaceutical company McKesson who earned a salary of $131.2million and a net total income, which includes bonuses and profits from stock earnings, of $1.billion." (Daily Mail, 15 October) To use the term "earn" in relation to this group of parasites is of course completely false. RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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