Union study: CEOs gets 335 times what average worker makes

[Yo_Mama_Been_Loggin]

Chief executive officers of S&P 500 companies on average made 335 times more money than the average rank-and-file worker last year, down from a multiple of 373 in 2014, according to a union study released on Tuesday.

The figures released annually by the AFL-CIO, the largest U.S. federation of labor unions, are likely to gain attention. Pay disparities, which have persisted despite a steady American economy that has reduced the joblessness rate to around 5 percent and raised wages somewhat, have fueled political debate.

The average production and non-supervisory worker made around $36,900 last year, up from roughly $36,000 in 2014, according to a statement from the AFL-CIO.

Meanwhile the average CEO of an S&P 500 company made $12.4 million last year, down from $13.5 million in 2014. An AFL-CIO spokeswoman said the lower average CEO compensation figure reflected how for many the present value of future pension benefits declined.

http://www.msn.com/en-us/money/careersandeducation/union-study-ceos-gets-335-times-what-average-worker-makes/ar-BBt9I3M?li=BBnbfcN

[pampango]

1. So a 2.5% raise for workers and an 8% pay cut for CEO's last year. To regain lost ground

workers are going to need a larger annual increase and we need to keep the pay of CEO's declining for many more years.