Wealth inequality has reached the point that before the first work day was done in 2017 CEOs have already earned more than the average employee would in all of 2017. The math is simple. When the ratio of CEO to employee salaries is greater than the number of work days, then CEOs earn as much in a day as an employee does in a year. A typical work year has about 260 work days. The salary ratio is 340 in the US and 290 in Canada. It hasn’t always been this way. As recently as 1995, the ratio in Canada was 85, which meant it at least took 3 days for the CEO to outearn their employees.
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