Board room (Photo: Shutterstock)

As inflation remains top of mind for lawmakers and businesses, the gap between the C-suite and low-wage workers is growing even wider. According to the Institute for Policy Studies the average gap between CEO and median worker pay jumped to 670 to 1, in 2021, up from 604 to 1 in 2002. Out of 300 firms studied, 49 of them had ratios above 1,000 to 1.

Seeing that with real dollars and cents, CEO pay at the same 300 firms increased by $2.5 million to an average of $10.6 million, while median worker pay increased by $3,556 to an average of $23,968.

 

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