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UNCONTROLLED GREED: CEO's Make More In HALF-A-DAY-Than Many Workers Make In ENTIRE YEAR
Restaurant CEOs Make More Money in Half a Day Than Their Employees Make in a Year
A new analysis underscores why fast-food workers are going on strike.
—By Jaeah Lee | Mon Jul. 14, 2014 6:00 AM EDT
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"It's a picture of uncontrolled greed," EPI vice president Ross Eisenbrey says. "How can it be that the CEOs are making more in half a day than many of their workers are making in an entire year—and yet they can't afford to raise the pay of those workers?" CEO pay has been out of control across all business sectors since at least the late-1980s, he adds. From 1978 to 2013, for instance, average CEO compensation, adjusted for inflation, soared nearly 1,000 percent, while the typical worker's pay increased by just over 10 percent.
http://www.motherjones.com/politics/2014/07/epi-study-restaurant-ceo-minimum-wage-workers-pay-gap
http://www.epi.org/publication/top-restaurant-industry-ceos-721-times-minimum/