Corporations Must Now Disclose CEO-to-Median Pay Ratio

After years of delays from corporate lobbying efforts, a provision of the 2010 Dodd-Frank Act is just now being legally enforced.  The provision requires public corporations to annually disclose the ratio of  the CEO compensation and the median employee salary. 

Fascinatingly, some are arguing that the rule is unfair particularly to the retail and restaurant industries because it forbids the corporations from "adjusting" the figure for part-time workers and reporting their pay as though all employees were working full time.  In my view, this perspective is remarkably ignorant of the fact that the proliferation of underemployment in these industries is the same problem as low wages.  Same problem, different expression.  It is all part of the issue the reform legislation is intended to address.