Today's blood boiler.
Over the last several decades, inflation-adjusted CEO compensation increased from $1.5 million in 1978 to $16.3 million in 2014, or 997 percent, a rise almost double stock market growth. Over the same time period, a typical worker’s wages grew very little: the annual compensation, adjusted for inflation, of the average private-sector production and nonsupervisory worker (comprising 82 percent of total payroll employment) rose from $48,000 in 1978 to just $53,200 in 2014, an increase of only 10.9 percent. Due to this unequal growth, average top CEOs now make over 300 times what typical workers earn....Let's round that 997% to 1000%.
Economic Policy Institute
CEO Pay Has Grown 90 Times Faster than Typical Worker Pay Since 1978
Lawrence Mishel and Alyssa Davis
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