According to a front page story in last Friday's (25 February 2005) edition of The Wall Street Journal, CEO bonuses at 100 major U. S. corporations rose 46.4% to a median of $1.14 million dollars, the largest gain in five years. The report is based on survey information compiled by Mercer Human Resource Consulting in New York City.
The same report noted that the median 2004 bonus amounted to 141% of executive annual salaries.
Interestingly, clerical and technical support staff earmed an average bonus of 5% of salary last year at companies granting bonuses across the board--this according to other surveys.
The gap between the nation's top income earners and its middle and bottom wage earners is increasing as never before in the last 100 years.
Our nation enjoys discussing values and ethics in the public square. Our houses of worship have been turned into classrooms for discussing the moral agenda of the nation. Millions of people of faith feel completely comfortable discussing a rather narrow range of ethical topics that include abortion and homosexuality.
I am wondering how many congregations this past week discussed the ethical ramifications of the accumulation of extreme wealth, a wealth that could not be generated without the efforts of ordinary, underpaid, laboring Americans.
Take a moment and read the amazing words of the brother of Jesus found at James 5:1-6. You may be surprised! His words relate to our current situation in the U. S. when it comes to labor, fair pay and justice.
Announcement from Duke Memorial UMC
2 weeks ago