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Re: woofer post# 674

Friday, 02/27/2009 4:47:14 AM

Friday, February 27, 2009 4:47:14 AM

Post# of 2386
What truly amazes me is that the Republicans have fought a raise in the federal minimum wage ever since I can remember. It's now at $6.55 an hour.
http://en.wikipedia.org/wiki/List_of_U.S.A._minimum_wages

The average pay of the top earning 25 CEOs in 2007 or 2008 was 75.3656 million. If a CEO actually put in a 40 hour work week (they don't put in that much time ordinarily), a CEO's earnings per hour would be......$36,233.46

75.3656 million divided by 2080 hours (per year in a 40 hour work week) = an hourly wage of $36,233.46. That's over $36,000 an hour folks.

Another way of looking at it is that the average top earning 25 CEOs make 5,531.8 times what a minimum wage earner makes.

So when I hear Republicans railing against raising the minimum wage, and at the same time, railing against raising taxes on the rich, I feel like there is something seriously wrong with our country.

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