For over fifteen years, Gary Kapanowski has applied his expert accounting services to help various professional organizations streamline their business. He continues to share his accounting knowledge to many professionals...
Everyone can see this in everyday life. The average pay of chief executive officers working for the largest 3,000 companies in the U.S. climbed to $6.4 million in 2014 from $5.5 million while wages and salaries rose around 3% for most Americans workers in 2014. Utilizing data from the Social Security Administration indicate the average wages in America raised a mere 1.3% to $43,041 from $42.498 in 2012. This equates for the average worker’s wages needing 127.7 years to total the average CEO’s pay.
This is a balance sheet recovery and growth model since the 1980’s but really seen since the financial crisis in 2008. It’s easy to see when the stock market fully recovered and is continuing to climb along with the stock option bonuses for the executives.
For the average worker to participate in this expansion, save money and invest in the stock market.
Gary Kapanowski – Lean Six Sigma Master Black Belt – Excelsior
The following blog is the opinion of Gary Kapanowski and Garykapanowski.com. It is the sole intent to broadcast this opinion from Gary Kapanowski and Garykapanowski.com exclusively and not to reflect on any other institutions or organizations associated with Gary Kapanowski or Garykapanowski.com.