The Economy We’re Not Getting Back

Catherine Ramsdell reviews Someplace Like America: Tales from the New Great Depression:

Consider—in 1979 “Wal-Mart employed 21,000 workers”, “General Motors employed 618,000”, and “the average CEO…was paid 35.2 times what an average worker was paid”. Flash forward to 2008 (and draw your own conclusions): “Wal-Mart employed 1.4 million”, “General Motors employed 92,053”, and “the average CEO…was paid 275.4 times what an average worker was paid…”