The median annual wage for chief executives was $183,270 in May 2017.
When we consider all US ‘chief executives,’ the ‘CEO-to-worker pay ratio’ falls from 331:1 to below 4:1
According to both the BLS and the Census Bureau, there are more than 7 million private firms in the US, so the samples of 300-350 firms for CEO pay represent only one of about every 21,500 private firms in the US, or about 1/200 of 1% of the total number of US firms. And yet the AFL-CIO, Financial Times, AP, the WSJ and others compare the average annual wages of hundreds of millions of full-time employees working at the more than 7 million US companies to the CEO pay of executives at only several hundred companies, which is hardly a fair comparison.
If you removed city, state, and federal government employees from the statistics, the median worker’s pay would probably be a lot lower than $61,372.
You don’t know the difference between media and average, do you?
That is VERY hard to believe. When you have the fortune 500 companies paying their CEOs multi-millions, the owners of sport teams, the head of the motion picture companies, drug companies, ect. There are not enough CEOs making under 100,000 to bring that average that low. I don’t understand why this writer had to lie so blatantly. Everyone knows CEOs make a ton of money while the workers make an ok amount in some cases. Disney is starting people at 10 dollars and hour so there is that.
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The numbers quoted for median workers pay are actually median household income.