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Economic Policy Institute |
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Thursday, 29 June 2006 |
No Surprise: CEO is by Far the Best Job.
 “I am not a paranoid deranged millionaire, goddammit, I’m a billionaire.” - Howard Hughes*
According to The Economic Policy Institute: Today's average CEO earns more before lunch in one day than the average minimum wage worker earns all year, with a compensation ratio of 821-to-1. CEO pay continues to climb, while the federal minimum wage has remained unchanged since 1997.
"The average CEO in the United States earned 262 times the pay of the average worker, the second-highest level of this ratio in the 40 years for which there are data. In 2005, a CEO earned more in one workday (there are 260 in a year) than an average worker earned in 52 weeks. CEO pay has exploded and by 2005 the average CEO was paid $10,982,000 a year, or 262 times that of an average worker ($41,861)," according to the EPI
*Quote from 100 Bullshit Jobs and How to Get Them
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