More of capturing the surplus (in case you missed the last 30 years)
WASHINGTON — Pay for globe-trotting CEOs has soared to new heights, even as most workers remain grounded by paychecks that are barely budging.
While pay for the typical CEO of a company in the Standard & Poor’s 500 stock index surged 9% last year to US$10.46 million, it rose a scant 1.3% for U.S. workers as a whole. That CEO now earns 257 times the U.S. national average, up from a multiple of 180 in 2009, according to an analysis by The Associated Press and Equilar.
Those figures help reveal a widening gap between the ultra-wealthy and ordinary workers around the world. That gap has fed concerns about economic security — everywhere from large cities where rents are high to small towns where jobs are scarce.
Here are five reasons why CEOs are enjoying lavish pay increases and five reasons many people are stuck with stagnant incomes.
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