In this documentary, Abigail Disney looks into the huge wage gap issue that is currently breaking down middle class America by shining a light on the problems DisneyLand employees are facing.
While it is no secret that the wage gap between the 1%er's and everyday Americans is cause a decline of the middle class, Dr. Disney really took the time to look into both current and past wages of DisneyLand employees. There was once a time when an average worker could make a living by having the means to procure a decent home, provide food, and live a comfortable middle class life. The myth of "trickle down economics' and the idea that "greed is good" took hold of and have comfortably set up the upper class as middle class Americans have steadily been running an never ending rat race to keep up with the costs of living, housing and health care on their ever shrinking paychecks.
For the fiscal year ended Oct. 2, 2021, Disney CEO, Bob Chapek's base salary was $2.5 million (up from $1.8 million in FY2020). His compensation include $10.2 million in stock awards, $3.75 in stock options and a $14.3 million cash bonus, according to Disney's proxy filing with the SEC.
Bob Iger, who formally stepped aside as CEO in February 2020 after 15 years, received $3 million in salary for the most recent fiscal year (up from $1.6 million the year prior and the same as in FY2019). Iger's compensation for the most recent fiscal year included a $22.9 million cash bonus, plus $9.5 million in Disney stock and $9.3 million in stock options. That does not include stock Iger was entitled to receive when his contract expired at the end of calendar 2021, worth $231 million as of Oct. 1, 2021, according to Disney's filing.
As of Sep 23, 2022, the average annual pay for the Disneyland Cast Member jobs category in California is $30,022 a year. That works out to be approximately $14.43 an hour. This is the equivalent of $577/week or $2,501/month.
The difference is jaw dropping.
This was an excellent layout of an ugly American truth. The American Dream is out of reach for hard working Americans because the super wealthy use those dreams to build their own wealth. Too many people have been hoodwinked into believing all their hard work and loyalty will get them somewhere when all it really does is allow their bosses to buy yachts.
Very interesting and frustrating watch.
While it is no secret that the wage gap between the 1%er's and everyday Americans is cause a decline of the middle class, Dr. Disney really took the time to look into both current and past wages of DisneyLand employees. There was once a time when an average worker could make a living by having the means to procure a decent home, provide food, and live a comfortable middle class life. The myth of "trickle down economics' and the idea that "greed is good" took hold of and have comfortably set up the upper class as middle class Americans have steadily been running an never ending rat race to keep up with the costs of living, housing and health care on their ever shrinking paychecks.
For the fiscal year ended Oct. 2, 2021, Disney CEO, Bob Chapek's base salary was $2.5 million (up from $1.8 million in FY2020). His compensation include $10.2 million in stock awards, $3.75 in stock options and a $14.3 million cash bonus, according to Disney's proxy filing with the SEC.
Bob Iger, who formally stepped aside as CEO in February 2020 after 15 years, received $3 million in salary for the most recent fiscal year (up from $1.6 million the year prior and the same as in FY2019). Iger's compensation for the most recent fiscal year included a $22.9 million cash bonus, plus $9.5 million in Disney stock and $9.3 million in stock options. That does not include stock Iger was entitled to receive when his contract expired at the end of calendar 2021, worth $231 million as of Oct. 1, 2021, according to Disney's filing.
As of Sep 23, 2022, the average annual pay for the Disneyland Cast Member jobs category in California is $30,022 a year. That works out to be approximately $14.43 an hour. This is the equivalent of $577/week or $2,501/month.
The difference is jaw dropping.
This was an excellent layout of an ugly American truth. The American Dream is out of reach for hard working Americans because the super wealthy use those dreams to build their own wealth. Too many people have been hoodwinked into believing all their hard work and loyalty will get them somewhere when all it really does is allow their bosses to buy yachts.
Very interesting and frustrating watch.