We’ve been having a slow slide in the economic power of the United States for the past forty years. Over this time period we’ve gone from being a net exporter to a net importer. We’ve moved from being the envy of the world to a country where many including people in our own country are asking what went wrong?
I recently re-read Peter Drucker’s Management, Tasks and Responsibilities. At one point in the book he mentions that in 1980 the average CEO pay in America was 10 to 20 times the average of a line worker. That number has dramatically changed. Today, that number is almost 350 times to one.