The Centrist View: Why We Are Going Broke, CEO Salaries Higher, Worse Than Previously Reported

In his 2007 book The Conscience of a Liberal, Nobel laureate Paul Krugman reports that, compared to the 1950s when the average CEO made 30 times what the average employee made in his company, CEOs were garnering 300 times the average worker’s pay.

That’s incredible.

In case math matters any more, and it should, that means less money to hire workers, less money for innovation, less for research, development, less money for the workings…