Skip to main content

Worker Wages Flat, But Since 1978 CEO Pay Has Soared by 'Outrageous' 937%

Wages for most American workers have remained basically stagnant for decades, but a new report published on Thursday by the Economic Policy Institute (EPI) shows that the CEOs of America's largest firms have seen their pay soar at a consistent and "outrageous" clip.

Between 1978 and 2016, CEO pay rose by 937 percent, EPI's Lawrence Mishel and Jessica Schieder found. By contrast, the typical worker saw "painfully slow" compensation growth—11.2 percent over the same period.  Read more.

Comments

Popular posts from this blog

Why Redneck Revolt Says Deal With Racism First, Then Economics

There is no shortage of media commentary discrediting "identity politics," particularly the focus on Black, Latinx, LGBTQ, and immigrant communities calling for justice and equity. Economics is our real problem, a counter argument goes, not race, sex, gender, citizenship. But as author Nancy Isenberg points out in White Trash, "identity has always been a part of politics."
Laws have been written to oppress and exploit particular identities -- Native Americans, Black Americans, Asians, homosexuals, transgender, and women -- in a successful effort to maintain a system of...read more.