CEOs Paid 335 Times Average Rank-and-File Worker; Outsourcing Results in Even Higher

[ABFwife]

Absolutely disgraceful.

(Washington, DC) – CEO pay for major U.S. companies continues to soar as income inequality and outsourcing of good-paying American jobs increases. Outsourcing has become a hot presidential election topic with candidates calling out corporations who say they need to save money by sending jobs overseas. Meanwhile, according to the new AFL-CIO Executive PayWatch, the average CEO of an S&P 500 company made $12.4 million per year in 2015 – 335 times more money than the average rank-and-file worker.

The Executive PayWatch website, the most comprehensive searchable online database tracking CEO pay, showed that in 2015, the average production and nonsupervisory worker earned approximately $36,900 per year, a wage that when adjusted for inflation, has remained stagnant for 50 years.

“The income inequality that exists in this country is a disgrace. We must stop Wall Street CEOs from continuing to profit on the backs of working people,” said AFL-CIO President Richard Trumka. “Last month when I stood with the Carrier workers in Indianapolis whose jobs making home heating furnaces are being shipped to northern Mexico, I saw first-hand how corporate greed destroys communities. Carrier is a subsidiary of United Technologies and its CEO Gregory Hayes made nearly $10.8 million in 2015. It’s shameful that a CEO can make that type of money and still destroy the livelihood of the hard-working people who make the company profitable.”

CEOs Paid 335 Times Average Rank-and-File Worker; Outsourcing Results in Even Higher Inequality

[crazy]

They are not keeping up with inflation.. Look for a bigger gap next year.

[ABFwife]

They are not keeping up with inflation.. Look for a bigger gap next year.

And you don't have anything to say about the money the CEO's are making?

[crazy]

Seriously? Ok they make too much money..

[ABFwife]

Seriously? Ok they make too much money..

Yes, meaning our wages have not kept up but the CEO's? It is just absolutely insane. That even if our wages had kept up, the wages the top 1% are making our still completely out of proportion.

[slavenomore]

The biggest attacks on Carrier came from Trump and he won Indiana with it and all other GOP candidates dropped out. Yet Trumpka attacks Trump.

[slavenomore]

The money system needs a rethinking.
It's not working. It's eventually gonna make al hell break lose. Ya figure with all their smarts and money they could see that and do something about it in a civil kind of way before it becomes a very uncivil rebellion.

[ABFwife]

The money system needs a rethinking.
It's not working. It's eventually gonna make al hell break lose. Ya figure with all their smarts and money they could see that and do something about it in a civil kind of way before it becomes a very uncivil rebellion.

Their vision is completely blinded by their greed.

[wizard]

Their vision is completely blinded by their greed.

Yes ABFwife,Yes,and it is a 'GREED' beyond our wildest Imaginations!!!!

''It is well enough that the people of the Nation do not understand our banking and monetary system,for if they did,I believe there would be a 'REVOLUTION' before tomorrow morning''.-Henry Ford-1922

[slavenomore]

Somebody is on the other side of the CEO contracts. Those are the root of the problem.
Those are the only consumers who matter in this sick consumer oriented society. The ones who are concealed in the dark. The ones making even more profits than the CEO. The ones signing the checks and contracts seeking CEO's who have all qualities to destroy our nation for profits sake.