JUNE 25, 2019

The Labor Wire

The AFL-CIO released its annual Executive Paywatch report today, detailing how the gap between CEO and worker pay continues to grow.

Message of the Day—CEO Pay Matters

Here are the top findings from this year’s Executive Paywatch:

  • $39,888: The average worker’s total take-home pay in 2018.

  • $14.5 million: The average compensation of S&P 500 company CEOs in 2018—a $500,000 raise from 2017.

  • $5.2 million: The amount the average S&P 500 CEO’s pay has increased in the past decade.

  • $7,858: The amount the average U.S. rank-and-file worker’s pay has increased in the past decade.

Additionally, in 2018, U.S. companies bought back a record $1 trillion shares of their own stock, money that could have been spent on capital expenditures, research and development, and investment in their own employees.

Join us in fighting back and telling the U.S. Securities and Exchange Commission to end the executive pay abuse of stock buybacks.

Kitchen Table Economics

$0: The amount of federal income taxes paid by 60 of the largest U.S. companies in 2018, despite being profitable.

Quote of the Day

“Our economy works best when consumers have money to spend. That means raising wages for workers and reining in out of control executive pay. This year’s report is a stark reminder that working people must use our collective voice to form bigger, stronger unions and rewrite the economic rules once and for all.” —AFL-CIO Secretary-Treasurer Liz Shuler (IBEW) on the AFL-CIO’s 2019 Executive Paywatch

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