Summary List Placement

Add pay growth to the list of inequalities exacerbated by the pandemic.

CEO pay skyrocketed 15.9% through the pandemic as the rallying stock market boosted compensation packages, the left-leaning Economic Policy Institute said in a Thursday blog post. That marks an acceleration from the 14% jump seen in 2019 despite COVID-19 roiling the global economy. EPI cited 281 filings from large firms in its preliminary report.

Conversely, annual compensation for the average American worker rose just 1.8% in 2020. The widening pay gap is captured in EPI’s CEO-to-worker compensation ratio, which rose to 307.3 last year details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com