Millions of American workers lost good-paying jobs, mainly in manufacturing, after China joined the World Trade Organization in 2001, a new report states. The trade deficit with China has ballooned since then, costing an estimated 3.7 million U.S. jobs between 2001 and 2018, according to a new report by the Economic Policy Institute (EPI), a […]
CEO Compensation Increased 940% Between 1978 and 2018, Workers’ Only by 12%…
An Economic Policy Institute study shows that the dramatic increase in CEO compensation has a large impact on increasing inequality–worker pay could have doubled without the rise in CEO income…The compensation of CEOs at US corporations has grown by nearly a factor of ten since 1978. This is according to a study recently released by […]
CEOs Rake in 940% More Than 40 Years Ago, While Average Workers Earn 12% More…
The chasm between what the country’s corporate leaders and their workers earn is widening to Grand Canyon-like proportions, according to new research that shows CEO compensation surged 940% between 1978 to 2018 while the average worker saw a meager 12% pay hike over the same 40-year period. “CEOs are getting more because of their power […]