CEO compensation relative to top 0.1% earners is much higher than it was in the 1965–1978 period: Ratio of CEO compensation to top 0.1% wages, 1965–2023
| year | Ratio of CEO pay to top 0.1% wages | 1965–1978 average ratio: 2.6 |
|---|---|---|
| 1965 | 2.29 | 2.60 |
| 1966 | 2.41 | 2.60 |
| 1967 | 2.52 | 2.60 |
| 1968 | 2.64 | 2.60 |
| 1969 | 2.59 | 2.60 |
| 1970 | 2.55 | 2.60 |
| 1971 | 2.5 | 2.60 |
| 1972 | 2.45 | 2.60 |
| 1973 | 2.4 | 2.60 |
| 1974 | 2.53 | 2.60 |
| 1975 | 2.66 | 2.60 |
| 1976 | 2.79 | 2.60 |
| 1977 | 2.92 | 2.60 |
| 1978 | 3.06 | 2.60 |
| 1979 | 3 | 2.60 |
| 1980 | 2.94 | 2.60 |
| 1981 | 2.88 | 2.60 |
| 1982 | 2.82 | 2.60 |
| 1983 | 2.76 | 2.60 |
| 1984 | 2.71 | 2.60 |
| 1985 | 2.65 | 2.60 |
| 1986 | 2.59 | 2.60 |
| 1987 | 2.53 | 2.60 |
| 1988 | 2.47 | 2.60 |
| 1989 | 2.41 | 2.60 |
| 1990 | 2.88 | 2.60 |
| 1991 | 3.35 | 2.60 |
| 1992 | 3.82 | 2.60 |
| 1993 | 4.43 | 2.60 |
| 1994 | 3.86 | 2.60 |
| 1995 | 4.4 | 2.60 |
| 1996 | 5.34 | 2.60 |
| 1997 | 7.01 | 2.60 |
| 1998 | 9.21 | 2.60 |
| 1999 | 7.21 | 2.60 |
| 2000 | 8.94 | 2.60 |
| 2001 | 5.88 | 2.60 |
| 2002 | 5.82 | 2.60 |
| 2003 | 7.48 | 2.60 |
| 2004 | 7.34 | 2.60 |
| 2005 | 8.4 | 2.60 |
| 2006 | 8.14 | 2.60 |
| 2007 | 7.67 | 2.60 |
| 2008 | 5.71 | 2.60 |
| 2009 | 5.54 | 2.60 |
| 2010 | 6.25 | 2.60 |
| 2011 | 6.83 | 2.60 |
| 2012 | 8.9 | 2.60 |
| 2013 | 8.58 | 2.60 |
| 2014 | 8.16 | 2.60 |
| 2015 | 8.09 | 2.60 |
| 2016 | 7.56 | 2.60 |
| 2017 | 7.73 | 2.60 |
| 2018 | 7.63 | 2.60 |
| 2019 | 8.45 | 2.60 |
| 2020 | 9.14 | 2.60 |
| 2021 | 8.26 | 2.60 |
| 2022 | 9.38 | 2.60 |
| 2023 | 7.54 | 2.60 |
Note: Wages of top 0.1% of wage earners reflect W-2 annual earnings, which includes the value of exercised stock options and vested stock awards.
Source: Authors’ analysis of EPI State of Working America Data Library data on top 0.1% wages in Gould and Kandra 2023.