The finding from The Associated Press adds to the evidence of growing inequality—and helps explain worker dissatisfaction with the economy, as wages fail to rise alongside executive pay, an expert said. The median compensation of chief executives at major U.S.-listed firms increased by 12.6% to $16.3 million in 2023, far outpacing the growth in worker […]
“Escalating CEO pay in recent decades has likely pulled up the pay of other top earners,” notes a new Economic Policy Institute report. “This concentration of earnings at the top leaves fewer gains for ordinary workers.” A new analysis by the Economic Policy Institute shows that top U.S. CEOs saw their total compensation rise by 1,209% between 1978 and […]
“This is outrageous,” said one critic. “Democrats should raise hell over this.” After taking the global economy hostage to secure painful cuts to aid programs and other federal spending, House Republicans are proposing a pay raise for themselves and other members of Congress for the coming fiscal year. Roll Callreported Thursday that under spending legislation approved by the […]
“While most of America struggles to put gas in the tank and pay the grocery bills, price-gouging, excessive-profit-taking CEOs used their captive boards to award themselves record pay,” said one expert. As workers across the U.S. attempt to unionize and walk off the job over brutal conditions and starvation wages, an analysis released Sunday found that […]