Saturday, April 26, 2014

Idaho CEO Salary Compared to Average Worker: 85-to-1 Pay Gap

Posted By on Sat, Apr 26, 2014 at 11:05 AM

They call it an "Executive PayWatch."

The AFL-CIO tracks the salaries of CEOs from some of the nations largest companies and allows visitors to compare their own pay to some the top executives.

In its latest report, the Idaho chapter of the AFL-CIO says the wage gap between top executives and the average worker has gone from a 40-to-1 ratio in in the 1960s to today's rate of 85-to-1.

The new PayWatch indicates that the average CEO of a company based in Idaho made $3.1 million, compared to $36,820 earned by the average Idaho worker.

And the gap grows to 208-to-1 when CEO pay is compared to Idaho's minimum wage workers, who pull down $7.25 per hour.

"If (1960s) wages had kept pace with the increase in worker productivity, the minimum wage today would be at least $18 an hour," said Rian Van Leuven, president of the Idaho State AFL-CIO. "Folks who work hard and play by the rules should be compensated fairly for the profits they create."

The data can be accessed at PayWatch.org.


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