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View Diary: CEO pay at top companies now 331 times that of average worker, 774 times that of minimum-wage worker (40 comments)

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  •  Given an approximate 2080 hour work year (10+ / 0-)

    (52 weeks x 40 hours), the CEO has earned an entire yearly average worker salary by 3:30 p.m. on January 2, his first day.  He (seldom she) has earned the minimum wage salary by about 11 a.m. on January 2.

    I must add: this assumes that the CEO takes New Year's Day off and begins his week on the 2nd.  Of course, the minimum wage worker probably works on New Year's Day, as this is typical in retail, fast food, hospitality, health care and other low-wage sectors.

    •  Well, I think the average CEO.... (1+ / 0-)
      Recommended by:
      VClib

      does work a little more than a 40 hour week. The ones I know work more like 70 - 90 hours a week. So for your purposes, maybe we should say that they earn parity about  January 4th or so. That's still 3 days faster than what it took God to create the universe!!!

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