CEO compensation is up 1,000% from what it used to be. Worker pay? Not so much. via YahooFinance
CEO compensation has increased by 1,007.5% over the past three decades while workers have seen their pay rise by about 12%, according to a new report by the Economic Policy Institute .
According to the report, CEO compensation grew by 1,007.5% when taking stock options granted into account, outstripping S&P stock market growth and the growth of “very high earners” during that time. This was in stark contrast to workers who saw wages grow by 11.9%. That number fell because of the stock market declines, which “led to a substantial paring back of CEO compensation,” the report stated.
“There's a lot of reasons why workers are not able to get increased wages,” Mishel explained. “And I think the main reason is that we've really destroyed collective bargaining system in this country. And so there's not an organized force, pushing for higher wages.”
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