Income inequality has vexed many economists, especially with the growing disparity in wages. Chief executives of the biggest public companies now make 231 times more than typical workers, according to a study released Wednesday by the left-leaning Economic Policy Institute.
“CEOs have fared far better than the typical worker, the stock market and the U.S. economy as a whole since the late-1970s,” said Lawrence Mishel, the institute’s president, in the report. “Compensation growth for executives and for top-tier financial-sector workers has fueled the enormous growth of incomes at the top.”