While the Florida House of Representatives is working night and day to ensure Floridians who are paid the minimum wage are denied extra pennies, corporate CEOs are raking in millions, and probably laughing their way to the bank. From the Huffington Post:
CEOs at 299 U.S. companies earned a staggering $3.4 billion combined in executive compensation in 2010, a new study by the nation’s largest labor union found.
Nearly 190 of those chief executives got a pay raise compared to their 2009 levels, the AFL-CIO noted in a report presented to reporters on Tuesday. The total amount of compensation represented a 23 percent increase from the prior year. In all, the sum of the salaries earned by those 299 CEOs equalled the combined average earnings of more than 100,000 workers in their respective companies.
We wonder how many working Floridians and middle class families in our state received a 23% raise this year? Probably not many.
This is one reason of many why we have to Fight For Florida. Good jobs that pay fairly are essential to our economy and our democracy. It is simply not sustainable for CEOs to get paid millions more while the vast majority of hard working people are struggling to send their children to college, pay their mortgage, or even put food on the table.