Income Inequality: Minimum Wage and CEO Salaries
Guest: Jeremy Funk, Spokesman for Americans United for Change
A discussion of income inequality in America and the minimum wage increase happening today in Congress, and a discussion of CEO salaries…
Republicans say that shareholders have no business dictating corporate salaries. If CEO’s and board of directors want to pay themselves hundreds of millions of dollars as a corporation goes down the tube, that’s their right. (The recent example of Home Depot actually pales in comparison to other examples like Disney, not to mention Enron.)
Democrats say that shareholders, as the owners of corporations, should have the right to decide how much corporate management is paid.
Who are the true capitalists here? Why do Republicans always want to favor the lazy, incompetent rich while punishing the hard-working poor?