From Robert Reich:
We’re now in the America’s second Gilded Age.
Last week it was reported that in 2017 the average CEO of the 350 largest firms in the U.S. received $18.9 million in compensation. That’s a 17.6 percent increase over 2016.
At the same time, the typical worker’s compensation remained flat, rising merely 0.3 percent.
The first Gilded Age fueled a progressive era that tamed and regulated its excesses, beginning in 1901.