The Logical Leftist
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CEO Pay Report Shows How Much Workers Are Being Screwed
Posted
May 12, 2017
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May 12, 2017
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"Corporate executives are taking in 347 times the average worker’s salary, the nation’s leading trade union says.
AFL-CIO’s Executive PayWatch, a searchable online database tracking CEO pay, found that the average CEO of an S&P 500 company made $13.1 million per year in 2016.
In comparison, production and nonsupervisory workers earned $37,632 on average last year, the database found.
“This year’s report provides further proof that the greed of corporate CEOs is driving America’s income inequality crisis,” said AFL-CIO President Richard Trumka in a statement Tuesday.
“Big corporations continually find ways to rig the economy in their favor and line their CEOs’ pockets at the expense of the workers who make their businesses run.”
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