Problem
It was reported in 2004 that the gap between the earnings of ordinary workers and top executives has grown even larger in recent years. For example, in the US 20 years ago, a chief executive made $42 for every dollar earned by one of his or her blue-collar workers. Today, chief executives in the US earn $531 for every dollar taken home by a typical worker.
Question
Can you use the analysis of this chapter to suggest some of the reasons which might help to explain this growing inequality? Assessment practice 275 Earnings of occupational groups: average (gross weekly) earnings of fulltime male employees in selected occupations, as a percentage of average (gross weekly) earnings of all full time male employees (April 2003)
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.