Monday, May 28, 2012

BOUREOISE PAY DAY

A an interesting, if not depressing story on the American Press News Wire this morning.

The news organization compares the salary of top CEO David Simon to the average joe in the United States. Simon, who I had never head of before, runs shopping mall developer Simon Property. His pay package last year, a piddly $137 million.

Karl Marx must be rolling in his grave.

How long would it take the average Joe to earn this kind of money:

  • A minimum wage worker would need to toil about 9,096 years to equal Simon's 2011 earnings, and it would take three years for that person to make what Simon made in an hour. 

  • As for a person earning the national median salary of $39,312? It would take that worker slightly more than one year to earn what Simon made in one hour.

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