CEO pay ratios would have soared even with typical workers’ pay rising with productivity: CEO-to-typical workers’ pay ratios, actual and if typical workers’ pay had risen with productivity
| CEO pay ratio, actual | CEO pay ratio, productivity-adjusted | |
|---|---|---|
| 1965 | 22.00780127 | 22.00780127 |
| 1966 | ||
| 1967 | ||
| 1968 | ||
| 1969 | ||
| 1970 | ||
| 1971 | ||
| 1972 | ||
| 1973 | 24.50331126 | 23.61387137 |
| 1974 | ||
| 1975 | ||
| 1976 | ||
| 1977 | ||
| 1978 | 32.82208589 | 30.9386821 |
| 1979 | ||
| 1980 | ||
| 1981 | ||
| 1982 | ||
| 1983 | ||
| 1984 | ||
| 1985 | ||
| 1986 | ||
| 1987 | ||
| 1988 | ||
| 1989 | 64.16071429 | 53.41302263 |
| 1990 | ||
| 1991 | ||
| 1992 | ||
| 1993 | ||
| 1994 | ||
| 1995 | 124.406356 | 97.32410169 |
| 1996 | ||
| 1997 | ||
| 1998 | ||
| 1999 | ||
| 2000 | 426.8775372 | 324.8264241 |
| 2001 | ||
| 2002 | ||
| 2003 | ||
| 2004 | ||
| 2005 | ||
| 2006 | ||
| 2007 | 360.6597335 | 251.4357613 |
| 2008 | ||
| 2009 | 186.4581704 | 131.9924716 |
| 2010 | ||
| 2011 | ||
| 2012 | ||
| 2013 | ||
| 2014 | ||
| 2015 | ||
| 2016 | ||
| 2017 | ||
| 2018 | ||
| 2019 | ||
| 2020 | ||
| 2021 | 430.4872727 | 292.5557827 |
Source: Data on CEO pay and typical workers’ pay from Table 1 in Bivens and Kandra (2023). CEO pay uses the “options realized” measure of CEO pay. Productivity adjustment to typical workers’ pay done using productivity series from https://www.epi.org/productivity-pay-gap/. CEO pay expressed as ratio to typical workers’ pay, both actual and the productivity-adjusted series.