Home > upward income redistribution > 2013 CEO-to-worker pay ratio in the USA

2013 CEO-to-worker pay ratio in the USA

from David Ruccio

CEO-worker-2013

According to the AFL-CIO’s latest “Executive Paywatch” report, the CEO-to-average-worker-pay ratio rose last year to 331:1. And the ratio of CEO pay to the minimum wage was much higher: 774:1.

That’s because, in both cases, workers’ wages remained more or less constant while the amount of surplus those workers created that ended up in the pockets of the CEOs of the nation’s largest corporations continued to rise.

As the AFL-CIO argues in their report:

America is supposed to be the land of opportunity, a country where hard work and playing by the rules would provide working families a middle-class standard of living. But in recent decades, corporate CEOs have been taking a greater share of the economic pie while wages have stagnated and unemployment remains high.

High-paid CEOs of low-wage employers are fueling this growing economic inequality. In 2013, CEOs of the Standard & Poor’s (S&P) 500 Index companies received, on average, $11.7 million in total compensation, according to the AFL-CIO’s analysis of available data from 350 companies.

Today’s ratio of CEO-to-worker pay is simply unconscionable

  1. April 19, 2014 at 2:20 pm

    A stunningly meaningless chart, the moment Warren Buffet leaves a coffee shop, the average income of everyone there immediately declines.

    • robert r locke
      April 19, 2014 at 10:18 pm

      But we don’t live in a coffee shop. We live in a country.

  2. April 20, 2014 at 4:12 pm

    Reblogged this on ..::popular spanish practices::.. and commented:
    you really can’t expect any level of democracy with those figures: average men have nothing to do against people who really control the resources of the country in EEUU

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