The Wall Street Journal recently weighed-in on income inequality and opined "Tish-tosh! If you took all the salaries of a million-employee company and shared them equality it would raise worker hourly pay by only a nickel. A NICKEL!"
Well, yeah, but if you had a thousand employees and a million-dollar payroll that means everyone gets $1000, CEOs included. But if that one guy got his 300X CEO payroll that leaves $770 per person for everyone else.
$770 vs. $230,000. Hmmm. Don't seem right.
The WSJ's conclusion is that the difference is really 5-1 but the Washington Post thinks otherwise, pegging the ratio at 354-1. I know which one I'm going with.