Thursday, May 26, 2016

US Income Inequality

Associated Press analysis finds that median compensation for top executives in 2015 was $10.8 million, up from $10.3 million the CEOs took in the year before.

The median CEO pay raise was 4.5 percent from 2014—and that jump alone, nearly $470,000, is about ten times what the average U.S. worker makes in a year.

The CEO of Expedia, Dara Khosrowshahi, was both the highest paid CEO in 2015, raking in $94.6 million, as well as the CEO with the biggest raise, up 881 percent from the year before.

AFL-CIO's most recent figures on its Executive PayWatch, showing that the average CEO of an S&P 500 company in 2015 brought home 335 times more money than the average worker.

While the Economic Policy Institute noted last year that "inflation-adjusted CEO compensation increased from $1.5 million in 1978 to $16.3 million in 2014, or 997 percent," compared to the inflation-adjusted compensation for the "average private-sector production and nonsupervisory worker [which] rose from $48,000 in 1978 to just $53,200 in 2014, an increase of only 10.9 percent."


AFL-CIO President Richard Trumka declared last week. "We must stop Wall Street CEOs from continuing to profit on the backs of working people." 


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