Index - Economy - Incredible wage differences in the United States

Index – Economy – Incredible wage differences in the United States

In the United States, there are sectors where there is a 300-700-fold difference between the average salaries of CEOs and “employees” at a given company, according to union data. Survey data was collected from half a thousand of the largest US companies, which provide the S&P 500 index.

The data shows that CEOs of the 500 publicly listed giants made an average of $15.5 million in the previous year. This equates to approximately HUF 4.7 billion, which is almost 300 times more than the average salary of employees. In the case of so-called non-essential consumer goods firms, the difference between the average wages of managers and employees is most obvious, written by A Novekedes.

Real wages rose 5.8 percent over the course of a year.

At companies like McDonald’s Corp. or Nike Inc. CEOs earn 741 times more than the average employee’s salary.

In the basic consumer goods sector, CEOs earn about 400 times as much. These include retail chains such as Tesco.

The ratio is already 315:1 in the IT sector and 334:1 in the telecom sector. The utility sector has the lowest wage gap, with managers “only” receiving 92 times more than the average employee.

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