NATIONAL
State’s CEOs paid 190 times average rank-and-file worker
AFL-CIO’s 2016 Executive PayWatch highlights corporate pay inequality
Meanwhile, according to the new AFL-CIO Executive PayWatch, the average Washington CEO of companies listed in the S&P 500 made more than $10 million per year in 2015 — 190 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 Washington worker earned approximately $53,000 per year, a wage that when adjusted for inflation, has remained stagnant for decades.
“These numbers demonstrate the unacceptable levels of income inequality that exist here in Washington and around the country,” said Jeff Johnson, President of the Washington State Labor Council, AFL-CIO. “This is a disgrace and we must stop Wall Street CEOs from continuing to profit on the backs of working people. We need to focus on raising wages for all, creating and keeping good jobs here and reversing these unfair and unjust trends.”