Over the same time period, the pay of an average worker has increased 11.9%.
CEO pay in the last four decades has grown 940.3% while the pay of an average worker increased 11.9% over the same time period.
That is what the Economic Policy Institute, a nonprofit think tank based in Washington, D.C., that focuses on the low- and middle-income Americans, found in a study released last week.
The study’s authors tracked CEO pay beginning in 1978. They found compensation took off in the 1990s, peaked in 2000 and has fluctuated since, most notably around the burst of the dot-com bubble in the early 2000s and around the recession of 2008 and 2009.
View the complete August 18 article by Patrick Kennedy on The Star Tribune website here.