Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Average worker's pay has actually risen much faster than average CEO pay
American Thinker ^ | 09/14/2018 | Jack Hellner

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

Date

US

2008

$52,029

2007

$50,740

2006

$48,451

2005

$46,242

Source: https://www.deptofnumbers.com/income/us/

The BLS reports:

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: averageworker; ceo; pay; wages
Navigation: use the links below to view more comments.
first 1-2021-24 next last

The median annual wage for chief executives was $183,270 in May 2017.


1 posted on 09/14/2018 7:24:42 AM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind

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.


2 posted on 09/14/2018 7:25:23 AM PDT by SeekAndFind (look at Michigan, it will)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

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.


3 posted on 09/14/2018 7:40:02 AM PDT by Right Brother
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
.

Fun with numbers!

(Roccus is taking NO side whatever in this discussion)

4 posted on 09/14/2018 7:44:21 AM PDT by Roccus (When you talk to a politician...ANY politician...always say, "Remember Ceausescu")
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

You don’t know the difference between media and average, do you?


5 posted on 09/14/2018 7:49:54 AM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: grey_whiskers

RE: You don’t know the difference between media and average, do you?

Don’t look at me, address your question to the author of the article.


6 posted on 09/14/2018 7:51:12 AM PDT by SeekAndFind (look at Michigan, it will)
[ Post Reply | Private Reply | To 5 | View Replies]

To: grey_whiskers
MediaN, stupid autocorrect.
7 posted on 09/14/2018 7:51:46 AM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Roccus
the median worker made a record $61,372

The median U.S. household earned $61,372 last year

?????

8 posted on 09/14/2018 7:53:20 AM PDT by Right Brother
[ Post Reply | Private Reply | To 4 | View Replies]

To: SeekAndFind

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.


9 posted on 09/14/2018 8:09:26 AM PDT by FreedomFtr ((Still fighting for Freedom... and now here at home))
[ Post Reply | Private Reply | To 6 | View Replies]

To: Right Brother

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.

????? exactly!


10 posted on 09/14/2018 8:21:50 AM PDT by BatGuano (You don't think I'd go into combat with loose change in my pocket do ya?)
[ Post Reply | Private Reply | To 8 | View Replies]

To: SeekAndFind

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.


11 posted on 09/14/2018 8:42:48 AM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016)
[ Post Reply | Private Reply | To 1 | View Replies]

To: grey_whiskers

Yes the media sucks.


12 posted on 09/14/2018 8:43:28 AM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016)
[ Post Reply | Private Reply | To 5 | View Replies]

To: grey_whiskers

I hate that too.....drives me crazy.


13 posted on 09/14/2018 8:43:58 AM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016)
[ Post Reply | Private Reply | To 7 | View Replies]

Bookmark


14 posted on 09/14/2018 8:58:03 AM PDT by Mase (Save me from the people who would save me from myself!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

The numbers quoted for median workers pay are actually median household income.


15 posted on 09/14/2018 10:04:44 AM PDT by mountn man (The Pleasure You Get From Life, Is Equal To The Attitude You Put Into It)
[ Post Reply | Private Reply | To 1 | View Replies]

To: napscoordinator

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.


16 posted on 09/14/2018 10:08:40 AM PDT by HamiltonJay
[ Post Reply | Private Reply | To 11 | View Replies]

To: mountn man

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.


17 posted on 09/14/2018 10:09:34 AM PDT by HamiltonJay
[ Post Reply | Private Reply | To 15 | View Replies]

To: HamiltonJay

Current labor participation rate is about the same as late 70’s


18 posted on 09/14/2018 10:17:01 AM PDT by mountn man (The Pleasure You Get From Life, Is Equal To The Attitude You Put Into It)
[ Post Reply | Private Reply | To 17 | View Replies]

To: mountn man

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.


19 posted on 09/14/2018 10:23:55 AM PDT by HamiltonJay
[ Post Reply | Private Reply | To 18 | View Replies]

To: SeekAndFind

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.


20 posted on 09/14/2018 11:20:38 AM PDT by Freedom_Is_Not_Free (End the Mueller Gestapo now. Free the Donald.)
[ Post Reply | Private Reply | To 2 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-24 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson