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.