The AFL-CIO released its annual Executive Paywatch report showing the difference between the average salary of a Standards & Poors (S&P) 500 CEO is 287 times greater than what the average worker for that same company would make during a year.
The report noted the S&P 500 CEOs’ average 2018 compensation amounted to $14.5 million.
In a 10-year comparison, the reported stated the average S&P 500 CEO saw a raise of more than $500,000 annually while the average rank-and-file worker received an increase of less than $800 per year.
Corporate income taxes collected by the federal government in the aftermath of the 2017 tax cut decreased by $93 billion.
For more information, go to www.aflcio.org .