The Daily Sandwich

"We have to learn the lesson that intellectual honesty is fundamental for everything we cherish." -Sir Karl Popper

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Location: Boston, Massachusetts, United States

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Monday, April 10, 2006

Corporate profits up 21.3%, executive pay up 25% in 2005

The USA Today article also points out the miniscule 3.1% pay increase for "typical American workers." What the paper fails to do is account for the impact of inflation on these numbers-- lowering them by 3.1%.

The actual figures, adjusted for inflation: executive pay is up 21.9% (still outpacing profits), while workers are sharing in the profits to the tune of 0.0%.