The minimum wage rose from $4.25/hour to $5.15 from 1996 to 1997 and Clinton proposed an increase to $6.15, making it $12,792/yr. for a 40 hr week for 52 weeks.
Top executive pay now routinely reach $100 million/year. That is 7,817 times minimum wage. And the way these executives earn that kind of money is by laying off tens of thousand of workers and moving the jobs overeas that pays $1/day with no benefits. This of course lower inflation to 1% so that their $10 million can buy more.
If the Goldamn Sachs IPO had gone through, each of the top three partners would have pocketed close to $1 billion and the average partner's take for the 100 partners would be around $50 million each. And that for selling only 15% of the partnership.
Greenspan is fair to everybody alright.
In the battle between good and evil, evenhandedness is a sin.
Henry