CEOs Earn 361 Times More Than the Average US Worker – Union Report

Labor News

Reprinted from Reuters by its staff on May 22, 2018.

Chief executive officers at major US companies saw a pay hike of more than 6 percent on average in 2017, widening the earnings gap with rank-and-file workers, according to a labor group analysis released on Tuesday.

The CEO of an S&P 500 company, on average, earned $13.94 million in 2017, 361 times more than the average worker, according to AFL-CIO, the largest federation of US labor unions.

“This year’s report provides further proof of America’s income inequality crisis,” said AFL-CIO secretary-treasurer Liz Shuler.

The average production and nonsupervisory worker earned some $38,613 per year, according to the federation’s data.  …

Reuters 5/22

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About Jeffrey Burman 5298 Articles
Jeff Burman served on the Guild’s Board of Directors from 1992 to 2019. He is now retired. He can be reached at jeffrey.s.burman.57@gmail.com.

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