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US Bosses Now Earn 312 Times the Average Worker's Wage, Figures Show (theguardian.com)

Posted by BeauHD on from the rich-get-richer-and-the-poor-get-poorer dept.

An anonymous reader quotes a report from The Guardian: The chief executives of America's top 350 companies earned 312 times more than their workers on average last year, according to a new report published Thursday by the Economic Policy Institute. The rise came after the bosses of America's largest companies got an average pay rise of 17.6% in 2017, taking home an average of $18.9m in compensation while their employees' wages stalled, rising just 0.3% over the year. The pay gap has risen dramatically, with some fluctuations, since the 1990s. In 1965 the ratio of CEO to worker pay was 20 to one; that figure had risen to 58 to one by in 1989 and peaked in 2000 when CEOs earned 344 times the wage of their average worker. CEO pay dipped in the early 2000s and during the last recession, but has been rising rapidly since 2009. Chief executives are even leaving the 0.1% in the dust. The bosses of large firms now earn 5.5 times as much as the average earner in the top 0.1%.

6 of 718 comments (clear)

  1. Re:Alternatives by Anonymous Coward · · Score: 5, Funny

    I personally believe that U.S. Americans are unable to do so because some people out there in our nation don’t have maps and, uh, I believe that our education, like such as in South Africa and, uh, the Iraq, everywhere like such as and I believe that they should, our education over here in the U.S. should help the U.S., er should help South Africa, and should help the Iraq and the Asian countries so that we ill be able to build up our future for our children.

  2. He's a Hard Worker by Seth+Morabito · · Score: 5, Funny

    It's fine. The average boss works 312 times harder than their average employee, so it's all good.

    1. Re:He's a Hard Worker by Anonymous Coward · · Score: 0, Funny

      And considering how much he makes the SJWs and other useless parasites hyperventilate, he's worth every dime of it!

  3. Re:Alternatives by Amiga+Trombone · · Score: 3, Funny

    Make the World Venezuela Again!

  4. Re:Alternatives by Anonymous Coward · · Score: 1, Funny

    I personally believe that U.S. Americans are unable to do so because some people out there in our nation don’t have maps and, uh, I believe that our education, like such as in South Africa and, uh, the Iraq, everywhere like such as and I believe that they should, our education over here in the U.S. should help the U.S., er should help South Africa, and should help the Iraq and the Asian countries so that we ill be able to build up our future for our children.

    Thank you for posting, Miss Ocasio-Cortez. I see that your degree in economics and international relations has served you well.

  5. Re:gotta love statistics by PopeRatzo · · Score: 5, Funny

    . Do you see that comma in "$7,017"?

    Goddamn dollar store reading glasses. Never mind. I was wrong.

    --
    You are welcome on my lawn.