Employment / Economy / People
US survey reveals massive – and growing - wage inequality
23 Aug 2019 - by Staff reporter
Underscoring the extent of growing wage inequality, a recent study conducted in the US has revealed that CEO pay at the top 350 firms in 2018 was $17.2 million on average.
The analysis, undertaken by the US Economic Policy Institute, reveals that from 1978 to 2018, CEO compensation grew by 1008%; the compensation of a typical worker, meanwhile, rose just 12%. The ratio of CEO-to-worker compensation was 278-to-1 in 2018—far greater than the 20-to-1 ratio in 1965 and 4.8 times greater than the 58-to-1 ratio in 1989.