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CEO pay dipped in 2023 but remains enormous compared with the pay of other workers.

Economic Policy Institute

CEO pay declined in 2023: But it has soared 1,085% since 1978 compared with a 24% rise in typical workers’ pay

The claim that corporate tax cuts will trickle down to help American workers by boosting economy-wide productivity and hence wages is clearly wrong. Economic logic and evidence show that American workers should not expect any wage boost from reducing the statutory corporate tax rate from 35 percent to 20 percent.

Wages

Taxes

Business

Economy

United States

US Economy

Cutting corporate taxes will not boost American wages

Median household income rose to $80,610 in 2023, essentially the same as it was in 2019, the Census Bureau reported Tuesday.

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Federal Reserve

Inflation

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abc12/WJRT

Fast Company

Market Business News

CPA Practice Advisor

Median income rose in 2023 to level it was before pandemic

What this report finds: Corporate boards running America’s largest public firms are giving top executives outsize compensation packages that have grown much faster than the stock market and the pay of typical workers, college graduates, and even the top 0.1%. In 2020, a CEO at one of the top 350 firms in the U.S. was paid $24.2 million on average (using a “realized” measure of CEO pay that counts stock awards when vested and stock options when c…

CEOs

Stock Markets

CEO pay has skyrocketed 1,322% since 1978: CEOs were paid 351 times as much as a typical worker in 2020

CEO pay dipped in 2022 but remains enormous compared with the pay of other workers. CEOs are granted massive compensation packages by corporate boards because of their bargaining power, not because of their skills. CEOs’ exorbitant payouts have far outpaced the pay of typical workers over decades.  
 

CEO pay slightly declined in 2022: But it has soared 1,209.2% since 1978 compared with a 15.3% rise in typical workers’ pay

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