When we created the CEO pay calculator last year, average CEO pay was 262 times the pay of the average worker. At the time, we thought that was pretty ridiculous. A new report out this week shows how much difference a year can make. Average CEO pay is now an obscene 364 times the average worker's pay!
We're working on a new tool that will incorporate the latest data, so stay tuned. In the meantime, use this CEO pay calculator to see how your pay measures up with last year's CEO salaries.
Many of the policies pursued in Washington − bad trade deals that encourage offshoring, tax cuts skewed to the wealthy, and unchecked corporate abuses of workers’ rights − have magnified income inequality. We need new government policies that will play a positive role in ensuring a basic framework for economic security.
But to restore the American Dream, we also have to fix what happens at work. Decades ago when workers in the automotive, steel and manufacturing industries joined together, they transformed their jobs and industries – and laid the foundation for the working middle class. Just as in the past, our unions today are actively working to organize and transform the underpaid jobs of today’s “New Economy” into the good jobs of tomorrow.
