Democrats hoping to use income inequality to drive voters to the polls in November face a critical problem: Americans may not know just how well-off the nation’s rich are.
In a recent study, Americans told researchers they thought CEO pay at major corporations was approximately 30 times more than their own. Actually, CEO pay averages 354 times what a worker earns at the same company.
Americans also said they thought the pay gap between CEOs and workers should be approximately 7 to 1. To achieve that ratio, workers would have to make $1.8 million each year, a separate study concluded.
In a recent study, Americans told researchers they thought CEO pay at major corporations was approximately 30 times more than their own. Actually, CEO pay averages 354 times what a worker earns at the same company.
Americans also said they thought the pay gap between CEOs and workers should be approximately 7 to 1. To achieve that ratio, workers would have to make $1.8 million each year, a separate study concluded.