Don’t Drink the Tea. Think With the WE.
Jul
2015
14

CEOverreach: Big Boss Pay Is up 997% Since ’78 While Workers Only Gained 10.9%

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A shocking new number from the Economic Policy Institute helps explain the stifling income inequality in the United States.  Between 1978 and 2014, inflation-adjusted CEO pay has risen from $1.5 million to $16.3 million, an unfathomable of 997 percent

Over that same time period, the average private-sector production and non-supervisory worker wage rose from $48,000 to just $53,200, a 10.9 percent increase.  This means that CEO pay has grown 90 times faster than the average worker’s wage over the last 36 years, with CEO’s now making an average of 300 times more than the typical worker.  Also noteworthy from the EPI report is that the inflation-adjusted CEO pay number of 997 percent shows a rise twice that of the stock market over the same period.

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