Figure A
Ratio of restaurant CEO pay to the minimum wage rose from 637-to-1 to 916-to-1 between 2006–2015: Restaurant CEO-to-minimum wage worker pay ratio, 2006–2015
Year | Restaurant CEO-to-minimum wage worker pay ratio |
---|---|
2006 | 564.0868 |
2007 | 509.4274 |
2008 | 229.073 |
2009 | 409.2753 |
2010 | 343.0714 |
2011 | 446.4802 |
2012 | 779.5444 |
2013 | 712.0279 |
2014 | 563.8795 |
2015 | 915.7566 |
Note: Restaurant CEO annual compensation is computed using salary, bonus, restricted stock grants, options exercised, and long-term incentive payouts for CEOs at firms in the food services and drinking places industry. Minimum wage worker pay is the value of annual pay for a full-time, full-year worker working at the national minimum wage. The sample is limited to firms for which data was available in 2015.
Source: Authors' analysis of U.S. Department of Labor Wage and Hour Division and Compustat's Execucomp database
Previous chart: « Cumulative percent change in real annual wages, by wage group, 1979–2015
Next chart: Educational attainment of low-wage workers, 1979 and 2015 »