It’s good to be chief executive. , after a 28 percent pay rise the year before, according to a report by GMI Ratings cited by The Guardian. Meanwhile, in 2011, according to the Labor Department.
That’s in line with a trend that dates back three decades. between 1978 and 2011, while worker pay rose just 5.7 percent, according to a study by the Economic Policy Institute released on Wednesday. That means CEO pay grew 127 times faster than worker pay.
Income inequality between CEOs and workers has consequently exploded, with than workers, compared to just 26.5 times more in 1978 — meaning CEOs are taking home a larger percentage of company gains. That trend comes despite workers nearly doubling their productivity during the same time period, when compensation barely rose. between 1978 and 2011 on a per-hour basis, and , according to the Federal Reserve Bank of St. Louis. Meanwhile, in recent years as corporations postponed giving raises while adding to their record corporate profits.
