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DeadWorld ( DeadWorld@lemm.ee ) M to BrainWorms@lemm.eeEnglish · 3 years ago

CEOs of top 100 ‘low-wage’ US firms earn $601 for every $1 by worker, report finds

www.theguardian.com

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CEOs of top 100 ‘low-wage’ US firms earn $601 for every $1 by worker, report finds

www.theguardian.com

DeadWorld ( DeadWorld@lemm.ee ) M to BrainWorms@lemm.eeEnglish · 3 years ago
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These companies paid their employees a median wage of $31,672 in 2022, while their CEOs took home an average $15.3m

cross-posted from: https://kbin.social/m/workreform@lemmy.world/t/381349

These companies paid their employees a median wage of $31,672 in 2022, while their CEOs took home an average $15.3m

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  • squiblet ( squiblet@kbin.social ) 
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    3 years ago

    for elaboration, if a worker made $140 for being there for 8 hours one day, the CEO made $72,000, so in one day about twice what that person would have made for working 300 days that year.

    • sharpiemarker ( Sharpiemarker@feddit.de ) 
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      3 years ago

      It should be criminal

  • Cylusthevirus ( Cylusthevirus@kbin.social ) 
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    3 years ago

    Forgive me but why do we care so much about CEO pay? It’s a handy comparator but isn’t profit taking by shareholders the bigger concern?

    How big a deal is one highly compensated position compared to the systemic wage suppression we’ve seen?

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