The former Labor Secretary asks a good question: Can one worker or family have too much? This is a moral question, not a legal one. Of course, it is legal for a CEO to make a ratio of 150:1 to the average worker at her company. Is it right? At a time when most of the jobs being created are low wage, we need to think about wages and who benefits most. That is what Reich explores in his commentary.
To put the question another way, how can we justify a situation where six heirs of a man who was a business genius (Sam Walton) hold more wealth than the bottom 40% of all Americans? This is not just a question for the bottom 40% (more than 100 million Americans). Wage disparity makes us all poorer because we have become a society that lives by fear rather than hope. This gap between rich and poor cannot continue to grow as it has over the last 30 years. Sooner or later, the cradle will fall.