Pay attention

On more than one occasion, I’ve listened to people complain about how much money teachers get paid. Maybe you’ve been part of such a conversation – it usually involves noting the short work day teachers enjoy, the health insurance and other benefits they’re given, and the excellent calendar which allows me them to have summers and holidays off. I’m familiar with the litany of complaints about teachers, even without the governor leading the chorus, thank you very much. I have a Master’s Degree along with nearly 20 years in the field and I just broke the $60,000 mark last year. Does that really sound excessive?

There have been a couple of things I’ve read or seen recently that make me a little insane when it comes to income or salary. For instance, the 14 wealthiest Americans increased their net worth in the last two years by $157 billion. That increase is equal to the entire holdings of the bottom 40% of Americans. Does that even seem right?

Did you know that Disney CEO Robert Iger made almost $44 million last year? The median salary for Disney workers is less than $20,000 a year, but I’m sure that he does 2,238 times more work than everyone else, right? How is this ok?

I’d love to share the income of one of our local billionaires, George R. Hearst III, but since his family business is privately held, that figure is impossible to determine without a subpoena or peek at his tax returns.  Suffice it to say, his family’s worth is estimated to be in the area of about $35 billion.  And, yes, this is the same guy/corporation that hasn’t given their local employees toiling away at the Albany Times Union a raise in more than 7 years.  Really??

I’m sorry, but I don’t think I’ll ever understand why a small percentage of our population holds such a disproportionately large share of the wealth.  How much do they need?  How can anyone justify a CEO-to-worker compensation ratio (in 2013) of to 295.9-to-1?   All I can say is Bernie Sanders.  Enough.

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Filed under Education, politics, Rant

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