The pay gap is widening, and workers are being left behind

"Regardless of how it is measured, CEO pay continues to be very, very high and has grown far faster in recent decades than typical worker pay. Higher CEO pay does not reflect correspondingly higher output or better firm performance. Exorbitant CEO pay therefore means that the fruits of economic growth are not going to ordinary workers...

Over the last several decades, CEO pay has grown much faster than profits, the pay of the top 0.1 percent of wage earners, and the wages of college graduates. CEOs are getting more because of their power to set pay, not because they are more productive or have special talents or more education. If CEOs earned less or were taxed more, there would be no adverse impact on output or employment."

There is no room for this kind of income inequality and exorbitant CEO pay in a society that claims to care for the middle class. Hard work should be rewarded, regardless of job title. As the economy expands, leaders at all levels must py attention to widening inequality, and prioritize measures that protect working people.