Skip to comments.Average worker's pay has actually risen much faster than average CEO pay
Posted on 09/14/2018 7:24:42 AM PDT by SeekAndFind
On a continuing basis, Democrats, including the media, are playing the race, sex and class cards while they pretend they want to unite the country. One of the talking points is the bald-faced lie that CEOs make over 300 times the average worker and their pay is rising faster than the average worker. There are around 250,000 CEOs in the U.S., but somehow we only hear about the top few hundred.
In 2005, the median worker made $46,242 and the average CEO made around four times that amount, or around $180,000. In 2017 the median worker made a record $61,372 up around 33%, and according to the Bureau of Labor Statistics, the average CEO made $183,270 in 2017 or just a 2% or 3% increase in twelve years. The average CEO today makes just three times the average worker, so why does media just repeat the lie? Obviously because they collude with Democrats heightening class resentments, and they don’t want the public to know the truth or they are too lazy to do the research.
Middle-class income rose to the highest recorded levels in 2017 and the national poverty rate declined as the benefits of the strong economy lifted the fortunes of more Americans, the U.S. Census reported Wednesday.
The median U.S. household earned $61,372 last year, meaning half of the families in the country brought in more income than this and half earned less.
Historical Nominal Median Household Income for the United States
The BLS reports:
(Excerpt) Read more at americanthinker.com ...
The median annual wage for chief executives was $183,270 in May 2017.
When we consider all US ‘chief executives,’ the ‘CEO-to-worker pay ratio’ falls from 331:1 to below 4:1
According to both the BLS and the Census Bureau, there are more than 7 million private firms in the US, so the samples of 300-350 firms for CEO pay represent only one of about every 21,500 private firms in the US, or about 1/200 of 1% of the total number of US firms. And yet the AFL-CIO, Financial Times, AP, the WSJ and others compare the average annual wages of hundreds of millions of full-time employees working at the more than 7 million US companies to the CEO pay of executives at only several hundred companies, which is hardly a fair comparison.
If you removed city, state, and federal government employees from the statistics, the median worker’s pay would probably be a lot lower than $61,372.
Fun with numbers!
(Roccus is taking NO side whatever in this discussion)
You don’t know the difference between media and average, do you?
RE: You dont know the difference between media and average, do you?
Don’t look at me, address your question to the author of the article.
The median U.S. household earned $61,372 last year
You are so right. The dumbing down of America in plain sight. How many college grads of today even know the difference between Mean, Median, and Mode.
Right ON Brother. Many readers do not really read. The article cites “Average worker’s pay” but then prints a box showing the “Median household income?” This illustration does not support the title.
Clearly a case of weak editing. When one actually reads the words, confusion reigns.
That is VERY hard to believe. When you have the fortune 500 companies paying their CEOs multi-millions, the owners of sport teams, the head of the motion picture companies, drug companies, ect. There are not enough CEOs making under 100,000 to bring that average that low. I don’t understand why this writer had to lie so blatantly. Everyone knows CEOs make a ton of money while the workers make an ok amount in some cases. Disney is starting people at 10 dollars and hour so there is that.
Yes the media sucks.
I hate that too.....drives me crazy.
The numbers quoted for median workers pay are actually median household income.
Its not hard to believe when you have a lot of LLC and S COrps with “CEO’s” who make 50k or 20k a year..
The idea the average workers pay is growing faster than the typical medium, let alone large corporations (Fortune 500) C suites salaries is a flat out LIE.
American Thinking is drunk if if thinks it can sell that load of bull.
Exactly and most of those households have 2 income earners....
The reality is, it takes 2 workers in todays economy to remotely get close to the real wealth 1 wage earner pulled in the 70s.
The American Thinking is SHAMELESS to peddle this lie.
Current labor participation rate is about the same as late 70’s
Median household incomes in real dollars has been FLAT to from 1970 to 2017... in fact it actually declined in the Obama Years.. Trumps boom has moved it back to neutral.
In 1970 Married couples with kids at home 60% of households were single income... in 2017 60% are equivalent households are dual income.
The average american wages have not remotely kept up... those telling you it has, are lying.
I have to call BS on this.
You cite about 7.5 million CEOs. I am sorry but if you include every couple with a hot dog stand where one is CEO, it simply has no meaning. None.
At some point you have to qualify something, such as CEOs with a minimum of 50 employees. A table at the Flea Market where Dad is CEO of a baseball card “corporation” with anet worth of $900 just skews the numbers to where the discusdion has lost all meaning.
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