The 2016 edition of the AFL-CIO’s CEO Paywatch is here, with a wealth of information about the class war being waged from above in the United States.
- Have you heard of Masimo Corporation? You should pay attention, because in 2015, its CEO, Joe Kiani, had more than $119 million in total compensation (most of it in stock awards).
- The average CEO of an S&P 500 Index company made 819 times a year’s pay for a federal minimum wage worker.
- “CEOs at the 25 S&P companies with the most unrepatriated profits are paid 79% more than the other S&P 500 CEOs.”
- “For every domestic job lost, U.S. multinationals create nearly seven jobs overseas.” (And we should fight that not by scapegoating workers in other countries but by pushing to improve their wages and working conditions.)
Economic inequality is intentional. It comes from the top, and if you’re not at the top, it’s coming for you.