New York City Central Labor Council

08/09/2024 | News release | Distributed by Public on 08/09/2024 07:44

AFL-CIO Releases Executive Paywatch Report

The AFL-CIO this week released their annual Executive Paywatch report, examining the current state of executive compensation in public companies listed on U.S. stock exchanges across industries and states.

This year's Executive Paywatch puts CEO-to-worker pay ratios in historical perspective by comparing how long the median worker would need to work to the construction dates of various world wonders over the history of human civilization.

For example - one company's median worker would have to work starting in 4,053 B.C. in order to earn what the CEO made in 2023. For comparison, the Great Pyramid of Giza was built circa 2,560 B.C.

The report also highlights how CEOs have personally profited from outsized market power and Donald Trump's corporate tax breaks. Click here to explore the report's website!