Since the Chicago school teachers went out on strike Monday, many political figures have tried to convince the public that their $70,000 average annual pay is excessive. If we want to assess whether someone is getting too much money, we always have to ask the follow-up question, compared to what? Here are a few comparisons that I have found useful.
|By: Dean Baker Wednesday September 12, 2012 8:45 am|
|By: Brian Sonenstein Wednesday January 12, 2011 6:15 pm|
With the release of the Presidential Oil Spill Commission report this week, we’re seeing some renewed interest in the fallout from the BP oil spill. In particular, the $20 billion escrow fund managed by Kenneth Feinberg has been a main point of contention between the Gulf and BP since last fall, when BP began threatening to withhold compensation to residents if Congress placed greater restrictions on their drilling.