By the time most Canadians settle back into their work-from-home offices on the first working day of the year, Canada’s top CEOs would have already made the average worker’s salary — $53,482 — according to new research from the Canadian Centre for Policy Alternatives (CCPA).
The report said the average top-paid CEO would have made that average income by 11:17 a.m.ET Monday, about an hour later than the previous year. It also found that in 2019, the average top Canadian CEO made 202 times more than the average worker in the same year, which was down from a record 227 times the previous year. (David Lao, Global News)
Now that is just way too messed up! I’ve always been a staunch supporter of the western world’s capitalist democracies and a firm believer in the upside to working hard and being duly compensated for your effort. But the more news items I see about the increasing disparity between the haves and have nots, the more I bend toward the need for equity. I’m not talking about a 50/50 split. Of course executives merit their high pay, but when the difference in pay is so vast one has to step back and reconsider. It is a mind blowing statistic and just adds fuel to a left wing socialist force that will gather more and more steam as we continue sinking into a pandemic chaos. Or not. Prognostication is thrown right out the window now. Who knows where 2021 will head? (Yes I digress, but hey, it’s my blog!) All the kumbaya feeling about positivity is a tad misplaced from this writer’s POV. As much as I want to see light at the end of a tunnel, I think the start of 2021 will be horrible. Crates of vaccines will spoil as we wrestle with logistics and the supply chain. Covid-19 numbers will rise at least through the Spring. Our LTHC residences are again experiencing outrageous death because…. Well why exactly? You’d think that after 2020 and the scathing report from our Canadian military we would have immediately protected our seniors. But hey, we are still allowing flights from overseas, at least until January 7th, without any Covid testing of passengers! Fill up the country with Covid tourists so we can use up all the excess vaccines we have bought.
Once we do get through the first half of this year, we will enter a prolonged period of growth and comfort. Especially if Georgia elects two Democrat senators. Tomorrow promises to be even more exciting than the US Presidential elections from last November. Keep your fingers crossed and hold your breath folks. By now you have likely seen on the news how the exiting President has been caught on tape trying to force Georgia’s electoral official to rejig the results of the vote in his favour. It is beyond mind boggling how out of touch the exiting President is! Amazing. Outrageous. Almost comedic. Desperate for sure. The guy is in full bore panic.
Have a great pandemic day y’all!
Read Full Post »