October 13, 2013
I do not like pay disparities. I understand the value of education and taking on more responsibilities and getting compensated for it financially or with perks. I am talking now about the wide gap that exists between the worker who is working more hours to get ahead or to support a family. A worker who gets less pay now but corporate executives that reap hugh benefits and soaring corporate profits.
By supporting the Dodd-Frank Wall Street reform Law these pay disparities will be open for all to see. And they should be revealed!
Disclosing corporate pay ratios between CEOs and average employees will finally show which corporations are driving this trend, which siphons money away from investors, and into the pockets of CEOs. In 1990, senior executive pay absorbed 5 percent of corporate profits. Today, according to Government Metrics International, it absorbs 10 percent.
We need stronger pay structures. It is good for the economy for workers to be able to puchase products to support our country and live a better life.
No doubt there are a select few who benefit from the status quo of keeping the pay disparities undisclosed. Stand firm, and implement the law as written.
Thank you for considering my comment,
Mary Ellen Teshima
Towaco, NJ