Sunday, January 13, 2019

Unequal Reward

The date of 4 January is marked as the day when CEOs of Britain's biggest companies already earn what it takes an average worker to make in a year.

In the United States, the data suggests that top CEOs need less than two days (1.52) to out-earn a worker's yearly income.

In India, it takes even less time. An average Indian CEO earns more in about a third of a day (0.35) than his average worker would in 365 days.

In South Africa, three days are necessary (2.99), while in China it takes 2.11 days

Swedish executives need around 5.5 days to match the average worker's annual earnings

At most major corporations, typical workers would still have to labour over three centuries to make as much as their CEO makes in a year. At McDonald's, a typical worker would have to work 3,101 years."

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