The Pay Gap Is Much Wider Than Most Americans Think: Study

Democrats hoping to use income inequality to drive voters to the polls in November face a critical problem: Americans may not know just how well-off the nation's rich are. In a recent study, Americans told researchers they thought CEO pay at major corporations was approximately 30 times more than their own. Actually, CEO pay averages 354 times what a worker earns at the same company. Americans also said they thought the pay gap between CEOs and workers should be approximately 7 to 1. To achieve ...