Trump’s Agenda: CEO Pay Jumped To $19 Million And Real Wages For Workers Declined

Under Trump’s agenda, the gap between CEO and workers’ pay has increased to its highest point in about a decade. Average CEO compensation skyrocketed to $19 million last year, and thanks to Trump’s corporate tax breaks, CEOs and wealthy shareholders collected billions more in profits. Meanwhile, the Bureau of Labor Statistics released numbers showing real wages for workers have declined over the past year.

Last year, the average annual compensation for CEOs jumped to $19 million. The pay gap between CEOs and workers became the largest it’s been in a decade.

Washington Post: “Top executives of America’s biggest companies saw their average annual pay surge to $18.9 million in 2017, according to a report released Thursday, fueling concerns about the gulf between the nation’s richest and everyone else.  The dramatic 18 percent jump in chief executive pay came as wages for American workers remained essentially flat, pushing the gap between executive compensation and employee pay to its highest point in about a decade.” Continue reading “Trump’s Agenda: CEO Pay Jumped To $19 Million And Real Wages For Workers Declined”

Real Wages Continue To Fall Under Trump

Workers are not benefiting from the Trump economy. While Trump continues to lie about wage growth, new data from his own Labor Department shows that real wages have actually decreased over the past year as costs of living – including rents and gas prices – rise.

Wall Street Journal: U.S. Consumer Prices Rose 0.2% in July

By Josh Mitchell and Sarah Chaney

Inflation picked up modestly in July, eating up Americans’ wage gains.

The consumer-price index—a broad measure of Americans’ living expenses, from groceries to dental care—rose 0.2% from a month earlier, the Labor Department said Friday. Excluding food and energy components, so-called core prices rose 0.2% as well.

The increases fell in line with economists’ expectations. Continue reading “Real Wages Continue To Fall Under Trump”