Sirotablog

David Sirota's online magazine of news & commentary
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Monday, March 07, 2005

Executives Raise Own Pay, Lobby Against Min. Wage

FYI - as Big Business executives lobby furiously against a proposal in Congress today to raise the minimum wage, it is important to see today's USA Today story about how many of these same executives are jacking up their own pay.

As the story notes, "the average director's pay at Fortune 200 companies could surge to $200,000, up 14% from 2004. This salary for what essentially amounts to part-time work, even as these same companies say American workers should continue to have a minimum wage below the poverty line.