Tuesday, July 27

Pay Gap

AFL-CIO, CEO pay, Finance, Pay Gap, Retail, Workers

The average CEO made nearly 300 times the median employee pay last year, and that gap is only growing, a new AFL-CIO analysis finds

The average CEO-to-worker pay ratio at S&P 500 companies was 299-to-1 in 2020, the AFL-CIO says. Its report says S&P 500 CEOs saw their pay increase by $712,720 on average over the year prior. The findings come as many companies scramble to find workers to fill jobs at existing wages. See more stories on Insider's business page. The gap between the salaries of CEOs and their workers grew wider in 2020, according to a new analysis from the AFL-CIO. The average CEO of an S&P 500 company made 299 times more money than the median employee last year, the union federation said in a press release issued Wednesday. This is greater than the...