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CEOs Rake in 940% More Than 40 Years Ago. Workers, 12%

Posted On: Aug 15, 2019

Aug. 15, 2019 | WAGES | 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 to set pay, not because they are increasing productivity or possess specific, high-demand skills…” CBS News