BY ELLEN E. SCHULTZ
The nation's wealth gap is widening amid an uproar about lofty pay packages in the financial world.
Executives and other highly compensated employees now receive more than one-third of all pay in the U.S., according to a Wall Street Journal analysis of Social Security Administration data -- without counting billions of dollars more in pay that remains off federal radar screens that measure wages and salaries.
Highly paid employees received nearly $2.1 trillion of the $6.4 trillion in total U.S. pay in 2007, the latest figures available. The compensation numbers don't include incentive stock options, unexercised stock options, unvested restricted ...
[Meaning that one third of all pay in the US does not contribute to Social Security | ed.]
No comments:
Post a Comment