Sunday, November 08, 2015

No Cry For Abolition Of Wages System

In an article on income inequality (Toronto Star September 26) a columnist reveals that "overall, CEO pay climbed 937 per cent between 1978 and 2013, while the pay of the typical worker rose just 10.2 per cent" (quoted from "Saving Capitalism" by Robert Reich) and in Canada the one hundred highest paid CEOs made 195 times the average Canadian income of $47,358. Unfortunately, this just leads to the call for a slightly more equitable split instead of the cry for the abolition of the wages system. John Ayers.

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