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Story summary
- Robert Reich, former U.S. Secretary of Labor, notes CEO compensation has surged 1,085% since 1978, while average worker pay rose 24%.
- The Economic Policy Institute reports CEOs now earn 290 times the average worker, up from 21 times in 1965.
- This widening gap drives income inequality, with the bottom 90% of workers seeing stagnant wages.
- The Economic Policy Institute proposes higher taxes on top earners and greater shareholder influence.
