Top U.S. CEOs now make 373 times the average rank-and-file worker!
The average U.S. worker has seen wages climb slowly over the past year. The average big-company chief executive has seen compensation jump far more substantially.
CEOs at the nation’s largest publicly traded companies received 373 times the compensation of the average production and nonsupervisory worker last year,according to a new report Wednesday by the AFL-CIO. Figures compiled by the union federation show that the gap widened from a 331-to-1 ratio in 2013 as overall CEO compensation rose nearly 16% last year. The average worker’s wages rose just 2.4%.
The average worker earned $36,134 in 2014, while the compensation for CEOs at S&P 500 companies averaged about $13.5 million, according to AFL-CIO calculations.