CEOs at the 350 largest companies now take home salaries that are 278 times higher than those of the average worker, according to the new Economic Policy Institute (EPI) analysis.
Common Dreams
August 16, 2019
- A new report from the Economic Policy Institute shows that over the past 40 years, inflation-adjusted compensation for CEOs has increased by 940 percent, while compensation for the typical worker has increased only 12 percent.
The Washington Post
August 16, 2019
As Josh Bivens, director of research at the Economic Policy Institute, recently noted, wage growth (adjusted for inflation) steadily increased by about 2 percent in the years following the Great Recession, but then accelerated in 2018, rising from 2.8 percent to 3.3 percent, although it’s lost momentum in the past six months — down to 3.1 percent.
Triad City Beat
August 16, 2019
That’s according to a new report from the left-leaning Economic Policy Institute (EPI), which found that CEO pay peaked in 2000 at about $21 million a year (in 2018 dollars). In 2018, CEOs at major companies made an average of $17.2 million in compensation, hundreds of times more than the annual average pay of the typical worker.
“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,” the report says.
The EPI looked at the 350 largest U.S. firms and measured compensation both with stock options realized and with the value of stock options granted. Both measures also include salary, bonuses, restricted stock grants and long-term incentive payouts.
CNBC
August 16, 2019
CEO pay has increased 1,008% between 1978 and 2018, while typical worker pay has edged up 12%.
That’s according to analysis from the left-leaning Economic Policy Institute, providing new data on the depth of income inequality.
MarketWatch
August 16, 2019
A new study by the Economic Policy Institute provides one of the most detailed looks at historic CEO and worker pay and finds the game is fixed. Average CEO pay has risen by an astounding 940 percent since 1978, and during that same 40-year period worker pay rose just 12 percent.
Urban Milwaukee
August 16, 2019
CEO compensation has increased by 1,007.5% over the past three decades while workers have seen their pay rise by about 12%, according to a new report by the Economic Policy Institute (EPI).
“CEO compensation is really high, and it’s really grown tremendously over the last four decades,” Lawrence Mishel, an economist at the D.C.-based left-leaning think tank told Yahoo Finance. “Workers have not done very well at all. This really matters because CEO compensation sets the pattern for executive pay more broadly and has helped fuel the growth of the top 1%.”
Yahoo Finance
August 16, 2019
CEOs at America’s 350 top public firms earned 278 times more than their typical employee in 2018, according to a study from the Economic Policy Institute released Wednesday.
Newsweek
August 16, 2019
Economists at the liberal Economic Policy Institute say paying tipped workers the minimum wage increases earnings and reduces poverty among these employees. Since the law was never enacted, it’s impossible to know how the increased wage would have impacted employment.
Business Insider
August 16, 2019
To determine the most expensive places to raise a family, 24/7 Wall St. reviewed median cost of living data from the Economic Policy Institute for a family of four — two parents and two children — for each U.S. county and county equivalent. Only counties and other equivalent areas with at least 10,000 residents were considered. Data on the median family income, monthly childcare costs, and population also came from EPI.
24/7 Wall St.
August 16, 2019