Needs Fixing

From 1947 to 1979, real family income grew for everyone, but it grew the fastest for the poorest 20% of the population.  In the period from 1979 to 2009, real family income actually declined for the poorest 20% but did increase annually by 1.2% for the top 20%.  Over the thirty years after 1979, the top 10% captured all of the income gains while the bottom 90% had declines in income.  This needs to change if the economy is to be restored.  The ratio of CEO compensation between the average production worker was 25 between 1947 and 1979.  Since 1979, it has risen to 185 times.  This increase in CEO compensation is one reason for the growth in inequality and for the decline of the middle class purchasing power.  There are not enough CEOs to create the necessary demand to spur more hiring.