Comrade Eric Alterman is concerned about inequality in his latest Nation column:
While it would be wrong to imply that the mainstream media are ignoring economic inequality, Americans remain sadly uninformed about the severity of the problem. A study recently published in Perspectives on Psychological Science asked Americans to guess the ratio between the average Fortune 500 CEO’s earnings and their workers’ wages. The average estimate: 30 to 1. The truth: 354 to 1.Again , Comrade Alterman uses a highly misleading statistic. He limits himself to data from 500 big companies instead of ALL CEO pay. After all, most Americans don't work at a Fortune 500 company. But, Comrade Alterman is quite shy about the " inequality factory " breeding at NYU, according to the Huffington Post:
New York University is among the country’s wealthiest schools. Backed by its $3.5 billion endowment, the school has built campuses in Abu Dhabi and Shanghai, invested billions in SoHo real estate, and given its star faculty loans to buy summer homes.Maybe, Eric Alterman should check his "special privilege" of being a professor ,at an un-taxed institution, at the door. Ever notice how many people who work at places that don't pay taxes talk about higher taxes and inequality? (Update)Thanks to Professor Eric Alterman for the clarification of his employment as a Former Adjunct Professor at NYU which probably payed less than being a Distinguished Professor of English and Journalism at Brooklyn College and CUNY Graduate School of Journalism.
But the university does less than many other schools when it comes to one thing: helping its poor students.
