The wages of the working class have flattened over the past four decades, while those for the top 1 percent have soared.
During that period, productivity has increased 80 percent, which means gains have gone to shareholders.
According to the Federal Reserve, 47 percent of Americans would be incapable of paying an unexpected $400 bill without selling something or going deeper into debt.
With the U.S. corporate profit margin now at 11.5 percent, near a 40-year high, companies can afford to share more with their employees without hurting the bottom line.
Companies don’t seem to have trouble compensating top executives.
In 2014, the compensation package of a CEO was 373 times that of an average employee.