Friday, April 18, 2014

Average CEO earns 774 times the minimum wage, 331 times that of the average worker...

How’s your job going – if you even have one? The odds are very, very high that you haven’t seen a raise in a long time. Or maybe you were laid off and found a new job at half your old pay. They say this is the “new normal.”

Meanwhile, CEO pay just keeps climbing and climbing and climbing (and climbing and climbing and climbing and climbing and climbing and climbing). This inequality is destabilizing our economy.

The AFL-CIO has released this year’s 2014 Executive PayWatch at www.PayWatch.org, a “comprehensive searchable online database tracking the excessive pay of CEOs of the nation’s largest companies.”

PayWatch.org offers workers the unique ability to compare their own pay to the pay of top executives. According to Executive PayWatch data, U.S. CEOs pocketed, on average, $11.7 million in 2013, compared to the average worker who earned $35,293. That means CEOs were paid 331 times that of the average worker. (CEO pay was 774 times the minimum wage.)  Full story...

Related posts:
  1. US CEOs break pay record as top 10 earners take home at least $100m each...
  2. Daily CEO pay now exceeds U.S. workers annual salary...
  3. Average CEO salary reached a new record high of $9.7 million In 2012...
  4. MPs in line for £20,000 pay rise in move likely to spark public anger...
  5. Germany's rich get richer despite crisis...
  6. World's top bankers handed 12% pay rise to average $12.8MILLION...
  7. $10 million a year: the average salary of an American CEO...

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