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Economic Policy Institute
@EconomicPolicy
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- CEO compensation surged 940% since 1978
- Worker compensation inched up 12% since 1978

New paper by @LarryMishel and @JuliaWolfe94
@LarryMishel @JuliaWolfe94 "Corporate boards running America’s largest public firms are giving top executives outsize compensation packages. Average pay of CEOs at the top 350 firms in 2018 was $17.2 million—or $14.0 million using a more conservative measure.
@LarryMishel @JuliaWolfe94 "CEO compensation is very high relative to typical worker compensation (by a ratio of 278-to-1 or 221-to-1). In contrast, the CEO-to-typical-worker compensation ratio (options realized) was 20-to-1 in 1965 and 58-to-1 in 1989.
@LarryMishel @JuliaWolfe94 "CEOs are even making a lot more—about five times as much—as others in the top 0.1%. From 1978 to 2018, CEO compensation grew 1,007.5% (940.3% under the options-realized measure), far outstripping S&P growth (706.7%) and the wage growth of very high earners (339.2%).
@LarryMishel @JuliaWolfe94 "That CEO compensation grew much faster than the earnings of the top 0.1% of wage earners is not because the top 0.1% did not fare well. The inflation-adjusted annual earnings of the top 0.1% grew 339.2% from 1978 to 2017. CEO compensation, however, grew three times faster!"
@LarryMishel @JuliaWolfe94 "In contrast, wages for the typical worker grew by just 11.9%" over the same period.
Read the full report here: epi.org/publication/ce…
epi.org/publication/ce…
Don’t forget to follow the authors! @LarryMishel @JuliaWolfe94
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