The average CEO in America made $11.7 million in 2013, or 331 times as much as the average worker, according to AFL-CIO’s 2014 Executive PayWatch, which helps raise awareness about income disparity in our nation.
According to PayWatch, the average CEO made 774 times more than minimum wage workers.
“America is supposed to be the land of opportunity, a country where hard work and playing by the rules would provide working families a middle-class standard of living,” the report observes. “But in recent decades, corporate CEOs have been taking a greater share of the economic pie while wages have stagnated and unemployment remains high.”
On PayWatch, you can hear from a Walmart worker who makes $12,000 a year as a customer service manager. That’s less than many CEOs make in a single hour. So many Walmart employees are in need of government assistance, in fact, it’s estimated that taxpayers subsidize the company’s profits to the tune of nearly a million bucks per store per year.
Check out PayWatch and help spread the word that income inequality is taking our country in the wrong direction.