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CEO Pay in 2012 Was Extraordinarily High Relative to Typical Workers and Other High Earners
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CEO Pay in 2012 Was Extraordinarily High Relative to Typical Workers and Other High Earners

Lawrence Mishel and Natalie Sabadish
EPI, 2013
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Editorial Rating

8

Qualities

  • Innovative

Recommendation

In the United States, the income gap between CEOs and all other workers, including the top 0.1% of workers, is vast and swelling. Economists Lawrence Mishel and Natalie Sabadish explore this yawning chasm, providing a fascinating analysis of historical trends. getAbstract recommends their distressing findings to corporate executives and human resources professionals, as well as to all employees who want to learn more about US income inequality.

Summary

Since the 1980s, CEO remuneration in America, specifically in the “350 publicly owned firms...with the largest revenue each year,” has mushroomed. Though this growth has created “spillover effects” that positively influence the wages of other high earners, the pay gap between these CEOs and all other employees, including the top 0.1%, is widening. Meanwhile, the incomes of average US “private-sector production/nonsupervisory” workers have stagnated. In 2012, top CEOs raked in an average of $14.1 million, including “salary, bonuses, restricted stock grants and long-term incentive payouts,” as well as the...

About the Authors

Lawrence Mishel is president of the Economic Policy Institute, where Natalie Sabadish is a research assistant.

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