Hmm he's comparing how much something changed in a decade vs how much something else changed in 42 years. min wage tripled in the same time.

He also isn't looking at all CEOs. Only the richest 350 of them. Which is why if you go to EPI's website their numbers are all over the place. 940%, 1322%, 1000%, all for the same time period. Completely dishonest.

A lot of these wage gap "studies" are full of disinformation, especially EPI's. EPI practices deception in its "studies," comparing the total compensation of the top 350 CEOs with the lowest level of workers' hourly wages to announce a huge gap between all CEOs and all workers.

Reich is comparing competitive compensation packages with relatively-static minimum wage laws. There is a world of difference in the skillsets, focus, and experience of the average minimum wage worker and the average multi-national CEO. Reich is acting as if the two are directly comparable:

• How many workers are actually making only minimum wage?
• How does the minimum wage compare to the average wage, or median wage, in that particular labor market?
• What skills, experience, and education do these minimum wage workers have?
• How many who have proven themselves to be above average employees or politically skilled operators, as people elevated to the CEO job generally have, are stuck working at minimum wage? For how long?
• How many entities were bidding for the services of the minimum wage worker?
• How fungible is the minimum wage worker?

Do we compare the combat activities of the general and the private? No. These are different jobs with different demands, different areas of focus, and different levels of responsibility.

Note the focus on CEO pay, and only a subset of CEOs at that. Not much interest in the pay of athletes, entertainers, and various 'celebrities', probably because they almost all on the same political team the Reich & those like him are on.

Also, of course, there are also *state* minimum wages. Here in Maryland it is $11.75/hour, so Reich's number of $7.25 is irrelevant.

Also, of course, there are also *state* minimum wages. Here in Maryland it is $11.75/hour, so Reich's number of $7.25 is irrelevant.

The typical person starts out low-wage and works their way up. The CEO is probably in his 60s. If you are in your 60s and still working min wage I bet you aren't trying or have terrible work habits (not showing up etc).
The very same people who rail against "inequality" also pass laws that remove opportunity. Min wage is one. Making housing scarce is another. In Chicago they have waged war on food trucks and corner news stands as well as hair braiders.

More wealth envy. Most minimum wage stories are nonsense.

The disparity in income is about enhanced and new opportunities, not some conspiracy of evil.

Now, go to the store and see what the price of a Coke has done recently. Thanks, Obama Joe!

Note all the well-known issues with these kinds of compensation comparisons pointed out by others. Then realize that Reich has been the Chancellor's Professor of Public Policy at the Goldman School of Public Policy at UC Berkeley since January 2006. And taught at Harvard University's Kennedy School of Government before that. And Brandeis. As well as his positions of power in the governmental sector.

This is outright embarrassing for a so-called professional academic to continue to parrot these bogus comparisons without acknowledging their problems. He knows better. And yet he still does this. In essence, he lies for a living.

This is professional incompetence, malfeasance, or fraud. He's an unethical little troll who cares more about sound bites than truth. Why anyone still pays attention to his utterings, or pays him to be on their staff, suggests that it is not merit that matters. He's just another well-connected Deep State apparatchik.