CEOs Have Already Made Your Entire 2018 Salary. Here’s How Many Days It Took Them.

By Sahid Fawaz

The CEOs of the America’s top 350 companies take home an average $15.6 million each, or $42,700 a day (or $1,779 an hour).

The median household income in the United States, however, is $59,000.

Sadly, that means that by the time most workers arrived at their jobs on Tuesday morning and got settled in, the typical corporate CEO had already made the workers’ full 2018 salary. It took the CEOs only the first 33 hours of 2018 to do it.

Statistics like these are one of the reasons that the GOP tax plan is so unpopular. With the CEO-worker pay ratio climbing from 20-1 in 1965 to 271-1 today, few Americans have faith that trickle down economics will do anything more than make the rich richer at the cost of the average American worker.

For more on out-of-control executive pay, check out the Washington Post report here.

 

 

Subscribe to the Nations largest union directory and blog site!


By submitting this form, you are consenting to receive marketing emails from: Senders Communications Group, 21201 Victory Blvd. #235, Canoga Park, CA, 91303, http://www.sendersgroup.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Featured Posts:

The Good Fight: Organizing the House of Mouse

This is part of a series highlighting the efforts of organized labor and featured in Labor 411's print directories. Click ...
Read More

Here Is How All 50 States Rank In Union Density. Spoiler: The Carolinas Are The Worst

1. Hawaii • Pct. of workers in unions: 23.1% • Change in union membership (2008-2018): -1.2 ppt. (25th largest decrease) • Union ...
Read More
The Westin

Leave a Reply