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Pay Heed to Pay Comparisons

A letter from Working America was sent on April 15, 2013...and contained this information:

The AFL-CIO Paywatch website is trying to expose the outrageous pay and retirement packages of many of the richest CEOs, while also showing the absurd tax-dodging tactics their companies get away with.

Yet, these same individuals tend to push the rest of us to accept cuts to Social Security, Medicare and Medicaid benefits.

Task 1: Consider this graph (for years 1982, 1992, 2002, and 2012) that was included in their letter. Do you believe it? How could you check out its validity?

Under the graphic, we find this text: "You know the story....It's pretty dispicable."

Task 2: What would you expect the Pay-Ratio to be in the year 2022? Why?