CEOs Paid 335 Times Average Rank-and-File Worker; Outsourcing Results in Even Higher Inequality

Posted by | May 17, 2016 | Uncategorized | No Comments

By (Monika Greenhow)

CEO pay for major U.S. companies continues to soar as income inequality and the outsourcing of good-paying American jobs increases. Outsourcing has become a hot presidential election topic with candidates calling out corporations that say they need to save money by sending jobs overseas. Meanwhile, according to the new AFL-CIO Executive Paywatch, the average CEO of an S&P 500 company received an annual income of $12.4 million in 2015—335 times more money than the average rank-and-file worker.

Source: AFL-CIO

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