Follow up about Inflation

A quick follow up to my post yesterday about how inflation great at a higher rate than did wages. It appears that it is only those of us not in the Upper Class who are suffering as the Gadflyer reports that high level executives are doing fine.

Quoting an AFL-CIO report, The Gadflyer reports "In 2004, the average CEO of a major company received $9.84 million in total compensation, according to a study by compensation consultant Pearl Meyer & Partners for The New York Times. This represents a 12 percent increase in CEO pay over 2003. In contrast, the average worker's pay increased just 3.6 percent in 2004."

Hmm, The leaders of Big Business continue to make more money while the rest of us suffer, that's the GOP machine for you.

Ryan Oddey
Ryan@TAFMess.com