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.”
CEOs and their wealthy shareholders continue to collect billions in profits from the Trump tax law.
Politico: “Some of the biggest winners from President Donald Trump’s new tax law are corporate executives who have reaped gains as their companies buy back a record amount of stock, a practice that rewards shareholders by boosting the value of existing shares.”
Meanwhile, the latest numbers released by the Bureau of Labor Statistics show that real wages for workers have continued to decline.
Bureau of Labor Statistics: “Real average hourly earnings for all employees decreased 0.2 percent from July 2017 to July 2018.”