To the Editor:
In his Tuesday column (“Empty promises,” Feb. 4), Jay Upadhyay ’15 makes the point that increasing the minimum wage for workers or providing health insurance leads to higher input costs and decreased quantity in the labor market.
He never bothers to mention the increases in salary that CEOs have received over the past few decades.
In 1980, CEO salary compared to average worker salary was 40:1. In 2010 it had risen to a ratio of 325:1.
I find it amazing how outrageous increases in CEO pay are totally ignored, yet a mention of increasing the minimum wage gets a conservative’s blood boiling.
Robert Midura
Controls mechanic, Facilities Management
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