Typical workers, by contrast, saw their pay rise just 18.1% in the 43 years between 1978 and 2021, a new EconomicPolicy analysis finds.
Ordinary workers, by contrast, saw their pay rise just 18.1% in the 43 years between 1978 and 2021, a new analysis finds.An analysis published Tuesday shows that the top executives of the largest corporations in the United States have seen their pay soar by nearly 1,500% over the past 43 years, helping to fuel afrom the Economic Policy Institute , CEO compensation at the 350 largest publicly traded U.S. companies rose by an inflation-adjusted 1,460%, far outstripping the 18.
The trend of soaring CEO pay has continued during the coronavirus pandemic, which caused mass economic chaos and job loss among ordinary workers. EPI found that"while millions lost jobs in the first year of the pandemic and suffered real wage declines due to inflation in the second year, CEOs' realized compensation jumped 30.3% between 2019 and 2021."
"Typical worker compensation among those who remained employed rose 3.9% over the same time span," note EPI's Josh Bivens and Jori Kandra, the authors of the new report. The findings come amid mounting fears of a global recession triggered by central banks' attempts to fight inflation via
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