[Ed. – Something for the average worker to aspire to.]
Nice work if you can get it.
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.
In 2018, CEOs in the country’s top 350 businesses were paid $17.2 million on average. Employees working in those industries — ranging from retail to technology and manufacturing — typically earned $64,500, researchers said.
Overall, there’s a 278-to-1 pay ratio between workers and CEOs. In 1989, the compensation ratio was 58-to-1 and in 1965, it was 20-to-1.
Stock awards and cashed-in stock options averaged $7.5 million of CEO pay in 2017 and 2018, the study added.
Incorporating stock in pay arrangements is one way to incentivize CEO, and rising salaries illustrate the market for talent in the C-suite, some observers say.