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Could 2014 Be Year One of the Pay Ratio Era?

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This  1:10  ratio proposal will be going before the St. Mary's student government association and faculty and staff senates over the next few months. The next goal after that: approval from the college's board of trustees.

Activists at St. Mary's College have a broader goal as well. They're hoping, as St. Mary's emerita professor of psychology Laraine Glidden noted to Too Much last week, to "not only address the wage inequity on our campus, but also inspire others to similar efforts."

And the St. Mary's activists appear to be succeeding on that score. Activists on other campuses have already made contact with them.

Those contacts will probably be multiplying in the year ahead. Just before the holidays, the Chronicle for Higher Education reported that 42 private college presidents in the United States took home over $1 million in 2011, the most recent year with pay data available.

Two of these top college officials made over $3 million, a take-home almost 200 times the pay of a minimum-wage worker.

reprinted from toomuchonline.org

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Sam Pizzigati is an  Associate Fellow, Institute for Policy Studies

Editor,  Too Much ,  an online weekly on excess and inequality

Author, The Rich Don't Always (more...)
 

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