Average CEO pay rose 11% in 2021 — and is now 399 times more than the typical worker’s wages.
Pay for chief executive officers rose by just over 11% from 2020 to 2021, according to a new report by the left-leaning Economic Policy Institute.
Compared with the typical worker’s pay, CEOs were paid 399 times as much in 2021, which is the highest multiple on record, EPI said. In 1965, CEOs was paid 20 times what the average worker made.And CEO pay has risen by 1,460% since 1978. CEO compensation rose 36% faster than the stock market during this period, the EPI noted, and “far eclipsed the slow 18.1% growth in a typical worker’s annual compensation” over that span, in 2021 dollars.
CEO pay is changing Dave Kamper, senior state policy coordinator at the EPI, wrote on Twitter TWTR : “CEO pay has gone up 1,460% since 1978. In our last report released before COVID started, in 2019, it had *only* gone up 940%. That is to say, ONE THIRD of the TOTAL jump in CEO pay since 1978 has come in the past three years.”
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