What if we could confiscate 100% of CEO compensation for all S&P 500 companies and redistribute to average workers?

Each of the 94.5 million workers would have seen an increase in their annual pay of less than $26, and their hourly pay would have gone up by less than 2 cents, before tax...

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Here's a look at how other nations' hourly rates stack up against each other...

"In Northern Europe, social partners are reluctant to the introduction of a minimum wage because they want to keep control of wage setting."

Voters in Switzerland overwhelmingly struck down a proposal to set the country’s minimum wage at what would have been the highest in the world at about $25 an hour, or 22 Swiss francs…This would have been Switzerland’s first federally mandated minimum wage. Other countries without minimum wages include Denmark, Germany, Italy, Norway and Sweden, all where there is more collective bargaining between employers and workers to establish pay.

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One of America's best kept secrets

Subject: Hourly Labor Cost of Big Three Unions

According to Forbes: Labor cost per hour, wages and benefits for hourly workers.

Ford: $70.51 ($141,020 per year)

GM: $73.26 ($146,520 per year)

Chrysler: $75.86 ($151,720 per year)

Toyota, Honda, Nissan (in U.S.): $48.00 ($96,000 per year)

According to AAUP and IES, the average annual compensation for a college professor in 2006 was $92,973 (average salary nationally of $73,207 + 27% benefits).

Bottom Line: The average UAW worker with a high school degree earns 57.6% more compensation than the average university professor with a Ph.D., and 52.6% more than the average worker at Toyota, Honda or Nissan.

Many industry analysts say the Detroit Three, must be on par with Toyota and Honda to survive. This year's contract, they say, must be "transformational" in reducing pension and health care costs.

What would "transformational" mean? One way to think about "transformational" would mean that UAW workers, most with a high school diploma, would have to accept compensation equal to that of the average university professor with a PhD.

Then there's the "Job Bank" ... When a D3 (Detroit 3 carmaker) lays an employee off, that employee continues to receive all benefits - medical, retirement, etc., etc., PLUS an hourly wage of $31/hour.

Here's a typical story....

Ken Pool is making good money. On weekdays, he shows up at 7 a.m. at Ford Motor Co.'s Michigan Truck Plant in Wayne, signs in, and then starts working -- on a crossword puzzle. Pool hates the monotony, but the pay is good: more than $31 an hour, plus benefits. "We just go in and play crossword puzzles, watch videos that someone brings in or read the newspaper," he says. "Otherwise, I just sit."

Pool is one of more than 12,000 American autoworkers who, instead of installing windshields or bending sheet metal, spend their days counting the hours in a jobs bank set up by Detroit automakers as demanded by the United Auto Workers Union - UAW - as part of an extraordinary job security agreement.

Now the D3 wants Joe Taxpayer to pick up this tab in a $25 Billion bailout package - soon to be increased to $45 Billion if Nancy Pelosi and Hillary Clinton have their way.

Not a good deal for us.... How about Chapter 11 - and getting rid of these ridiculous union contracts?

DOES ANYONE KNOW HOW A PERSON MAKING $12.00 TO $15.00 AN HOUR CAN PURCHASE A VEHICLE BUILT BY SOMEONE MAKING $70.00+ PER HOUR?