'We Are Witnessing The Rise Of Two Americas,' Says Bernie Sanders. 'One For The Billionaire Class And One For Everyone Else'
Yahoo Finance·2025-09-28 14:31

Economic Inequality - The growing economic inequality in the U.S. is highlighted, with a distinction between the billionaire class and the average working population [1][2] - The disparity is characterized as a "rise of two Americas," where billionaires are experiencing significant wealth gains while ordinary Americans face financial hardships [2] Wealth of Billionaires - Billionaires such as Elon Musk, Jeff Bezos, Mark Zuckerberg, and Larry Ellison have seen historic wealth increases, with Musk gaining over $180 billion since the last presidential election [3] - Musk's wealth surpasses that of the bottom 52% of American households, illustrating the extreme concentration of wealth [3] Worker Struggles - Despite increased worker productivity, real weekly wages for the average American worker are lower than they were over 52 years ago, indicating a decline in purchasing power [4] - Many Americans are struggling to afford basic necessities like rent, healthcare, food, and childcare [4] CEO Compensation - A report from the Institute for Policy Studies reveals that CEOs at the 100 largest low-wage corporations earn an average of 632 times more than their median employees [5] - Specific examples include Starbucks, where the CEO's compensation ratio to the median worker is 6,666 to 1, and Carrier Global, where the CEO earned $65.7 million compared to an average worker's salary of $51,001 [5][6] - Coca-Cola's CEO compensation also shows a stark contrast, with $28 million for the CEO versus $14,144 for the median employee [6] Systemic Issues - The significant gap between CEO compensation and worker pay is presented as evidence of a broken economic system [7]