Executive compensation Should Be Reason 7 On The List Of Problem Areas Holding Back The Economy

        There is no proportionality between what executives earn and what workers earn. Much of the U.S. workforce labors at low paying jobs that provide barely enough money to get by. Executive compensation, on the other hand, ensures an elitist class of of pampered people. This elitist class lives in a dream world of affluence, luxury and entitlement. Whether they run a company well, or run it to the ground, they get rewarded. Win or lose, they remain winners as the wealth of the nation is syphoned off into their hands.
          In Japan, executives would be embarrassed to live so high on the hog. In America, there is no shame. There should be.
           From a practical standpoint, the extravagant executive compensation in the United States takes a toll. It is demoralizing to workers. It drains the wealth of the nation into the hands of a few. In that two thirds of the American economy is driven by consumer spending, a heavy price will eventually be paid by having so much of the American workforce earning substandard wages while executives live like kings and queens. The elitist class that runs America helped cause or at best did not prevent the financial collapse, helped lead the U.S. into unnecessary and extremely costly (from a financial and human standpoint) wars, or at best did not prevent the political establishment from leading the U.S. into these wars. For all the money that has gone into the hands of the executive class, it is surprising how little has been gained. It is unsurprising how much has been lost, including the enormous transfer of manufacturing jobs to China and other countries.
             Executives and others earning ridiculously high salaries contributes to the decline of the middle class. A small number of people paid fortunes while most others are paid pittances is not a recipe for economic success. With two thirds of the U.S. economy driven by consumer spending, this is the recipe for disaster.