The Boss Got a Raise
Big surprise: CEO pay increased faster than overall worker compensation during 2014.
According to research released last week by The Conference Board, the median total compensation of CEOs of U.S. public companies in the Russell 3000 index soared 11.9% in 2014 over the previous year.
CEO pay was up by as much as 34.7% over 2010.
In another release, the government’s Bureau of Labor Statistics let us know that compensation costs for civilian workers increased 2% for the 12-month period ending June 2015, unchanged from the 12-month period ending June 2014.
Wages and salaries increased 2.1% for the current 12-month period. In June 2014 the change was 1.8%. Benefit costs increased 1.8% for the 12-month period ending June 2015. In June 2014 the increase was 2.5$.
So, there you have it – more proof of the “wage gap” in America.
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