AFL-CIO study of CEO-worker pay is incredibly flawed — yet universally accepted by MSM
The MSM enthusiastically distributes the annual AFL-CIO study comparing big company CEO pay with all workers — informally the “400 to 1” comparison. But the dishonesty of the labor union report is obvious, breathtaking — and completely ignored. Below is a detailed debunking of this “study.”
Perhaps the biggest “error” (it’s no error!) is the inclusion of part-time workers in the worker average pay. Another factor is that the CEO’s “pay” includes all their benefits, but the compared workers’ pay is only their paycheck — the substantial benefits are ignored. While the union is intentionally vague about what they count as worker pay, it appears that they don’t count overtime wages — even though every CEO in America works way more than 40 hours a week. The report doesn’t compare CEO pay with workers in thesamecompany — such a comparison reduces the disparity significantly. And finally, this is a cherrypicked CEO group — the TOP CEO’s are used to representallthe CEO’s.… Read More