Economics @ ITT

Average Teacher Earns $44K while Top Union Bosses Earn $500K

Posted in economics, employment by ittecon on July 15, 2012

Wow! What an outrage. These union bosses are idiots. They earn almost 12 times what their average teacher-worker earns. These guys are in the wrong business. If they were CEOS, they’d be averaging over $16 million.

“Chief executives at some of the nation’s largest companies earned an average of $12.9 million in total pay last year—380 times more than a typical American worker…”

“Bureau of Labor Statistics wage data…define [a] typical worker pay, which was $34,053 for all occupations last year.”

(Source: CNN)

To put things in perspective, “Back in 1980, CEOs made 42 times what the average worker earned,” so these union bosses aren’t even meeting that standard. Throw the bums out so they can replaced with CEOs.

(Source: Business Insider: Report Reveals CEOs Make 380 Times The Average Worker’s Salary)

Original Article Source: Average teacher makes $44G while their top union bosses pull in nearly $500G.

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