Tuesday, June 19, 2012

Wage Gap Between C.E.O.s and Workers Continues to Grow | AlterNet

Wage Gap Between C.E.O.s and Workers Continues to Grow | AlterNet
"The New York Times reported yesterday on a new study, which revealed that the U.S.’s top 200 C.E.O.s made an average of $14.5 million in 2011 — an average pay raise of 5 percent. The study also found that, for the first time, more than one C.E.O. — two — had nine-figure paydays.
Meanwhile, the average worker in the United States saw a pay increase of only2.8 percent. C.E.O. salary has increased 127 times faster over the last thirty years than worker salary. To put this in perspective, the average Fortune 500 chief executive is paid 380 times more than the average worker."