The Daily News has an op-ed that asks, “Does a corporate chief deserve to make in a day what our educators make in a year?”
I’d like to begin by thanking my teachers in the fifth, sixth and seventh grades, Mrs. Pulaski, Mr. Burke and Miss Elmer. They taught us percentages and showed us how to “round down,” which I am doing now. The U.S. population is 312,624,000, and we have 3,198,000 public school teachers, which computes to 1%.
But this is not the 1% composed of Wall Street fat cats, professional athletes, entertainers and other rich people. I guarantee there’s no overlap between the two groups. The average teacher today earns about $55,000. At least 75 CEOs earn that much in one day, every day, 365 days a year. According to the AFL-CIO’s “Executive PayWatch,” the CEO who ranked No. 75, David Cote of Honeywell, was paid $20,154,012, for a daily rate of $55,216.47.