When I graduated college in 1968, the typical corporate CEO got 20 times the pay of ave. worker. When I became labor secretary in 1993, the ratio was 61-to-1. According to a report released today, the ratio is now 320-to-1. Capitalism is off the rails.https://www.epi.org/publication/ceo-compensation-surged-14-in-2019-to-21-3-million-ceos-now-earn-320-times-as-much-as-a-typical-worker/ …
The problem isn't capitalism, it is our failure or unwillingness to manage our capitalist economy.