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AFL-CIO 2014 Executive PayWatch

“…AFL-CIO President Richard Trumka unveiled the 2014 Executive PayWatch today. According to its data, U.S. CEOs – the highest paid in the world – pocketed, on average, $11.7 million in 2013 compared to the average worker who earned $35,293. That means CEOs were paid 331 times that of the average worker. Many of the CEOs highlighted in PayWatch head companies, like Walmart, that are notorious for paying low wages. In 2013, CEOs made 774 times more than those who work for minimum wage. And while many of these companies argue that they can’t afford to raise wages, the nation’s largest companies are earning higher profits per employee than they did five years ago. In 2013, the S&P 500 Index companies earned $41,249 in profits per employee, a 38% increase. This year, PayWatch highlights five low wage companies through worker testimonials at Walmart, Kellogg’s, Reynolds, Darden Restaurants and T-Mobile…PayWatch is the most comprehensive searchable online database tracking the excessive pay of CEOs of the nation’s largest companies. It offers visitors to the website the unique ability to compare their own pay to the pay of top executives.”

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