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Bernie Sanders: “The gap between the CEO and the worker was about 20 to 1…”

Featuring: Bernie Sanders, Independent | U.S. Senate, Vermont

Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism"

Published April 13, 2024 | Video Starts at 10:04

… nothing new about the fact that the owners of companies make more money than their workers. Nothing new. That's always been the case. But back then, 70, 80 years ago, The gap between the CEO and the worker was about 20 to 1 [70, 80 years ago]. The guy who ran the company made 20 times more money than the average worker. And over the years the gap has grown wider and wider and wider. (10:04–10:14)

CLAIM

Asserts that 70-80 years ago, the income gap between CEOs and workers was 20 to 1.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Bernie Sanders

“Over 60% of the American people live paycheck to paycheck.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 03:24-03:31
“Over 60% [of working-class families] living paycheck to paycheck.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 03:24-04:21
“We do not have a national healthcare system [in the United States].”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 04:09-04:14
“We have some 500,000 Americans every year who go bankrupt with medically related bills.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 04:28-04:37
“We have 85 million people uninsured and underinsured [in the U.S.].”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 04:28-04:37
“In America, rents are going up for working people in many communities throughout the country.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 04:44-04:51
“We've lost over a million Americans [to COVID].”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 06:04-06:07
“Before COVID, life expectancy in the United States was less than in most other industrialized countries.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 06:06-06:15
“In many parts of America, life expectancy before COVID has gone down.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 06:15-06:23
“We lost over 100,000 Americans last year from overdoses.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 07:42-07:51
“Three people own more wealth than the bottom half of American society.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 09:30-09:35
“The top 1% owns more wealth than the bottom 92%.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 09:36-09:44
“Now in America, the head of the large corporations make 400 times more than the average employer in that corporation.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 10:23-10:36
“In the last 50 years, [American workers] have gone almost nowhere in terms of wages and income.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 11:07-11:07
“The weekly wage for the average American worker in inflation adjusted dollars is less than it was 50 years ago.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 11:52-12:05
“There has been a 55 trillion dollar redistribution of wealth from the bottom 90% to the top 1%.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 12:21-12:51
“Over 60,000 people a year die because they don't go to a doctor on time, because they can't afford to.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 13:50-13:57
“Significant increase in concentration of ownership [in the United States].”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 14:30-14:40
“In virtually every sector of American society, we see a handful of large corporations dominating that sector.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 15:22-15:32
“Over half of the cost of inflation has nothing to do with the war in Ukraine.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 15:50-15:57
“ExxonMobil made $200 billion in profit last year.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 16:27-16:32
“Major food corporations made huge profits.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 16:34-16:37
“Major real estate companies who own apartments making huge profits.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 16:37-16:44
“Three Wall street firms... BlackRock, Vanguard and State Street... have assets combined of control assets... of $20 trillion.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 19:01-19:29
“They are major shareholders of 95% of the S&P 500.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 19:39-19:46
“Billionaires can contribute as much money as they want, often without disclosure, into [super PACs].”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 21:45-21:53
“Eight major media conglomerates control about 90% of what the American people see, hear, read.”
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“We spend twice as much per capita on health care as you do in any other major nation on Earth.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 25:08-25:16
“In the United States, if you want to become a doctor, it is not uncommon that you leave school for $500,000 in debt.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 27:44-27:57
“Not unusual that you will leave college 40, $50,000 in debt [in the U.S.].”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 28:02-28:08
“Education should be a right of all people and not just a privilege.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 28:15-28:21
“People cannot really be free unless they have basic economic rights.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 29:31-29:42
“Tens of millions of workers live under conditions where they have no power over the job they do.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 30:28-30:33
“If we use the technology out there appropriately, we can provide a decent standard of living for all people.”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 30:57-31:05
“Over the next 20, 30 years, tens and tens of millions of jobs are going to be ended [due to technology].”
Bernie Sanders addresses Oxford on his book "It's OK To Be Angry About Capitalism" | Uploaded April 13, 2024 | 31:30-31:39