May 5, 2021
Las Vegas Review-Journal – Pay gap widens between casino CEOs, average casino workers
CEO compensation has grown much faster than profits and stock prices over the years, according to findings from the Economic Policy Institute.
According to the EPI’s latest report on American executive compensation, released in August, CEO pay at top U.S. firms grew 1,167 percent between 1978 to 2019, outpacing the S&P stock market’s 741 percent growth as well as the top 0.1 percent earnings growth of 337 percent.
Meanwhile, the typical worker’s compensation grew just 13.7 percent in that time frame, according to the report from the progressive think tank.