CEOs earn 361 times more than the average U.S. worker

[Gerald]

(Reuters) - Chief executive officers at major U.S. companies saw a pay hike of more than 6 percent on average in 2017, widening the earnings gap with rank-and-file workers, according to a labor group analysis released on Tuesday.

The CEO of an S&P 500 company, on average, earned $13.94 million in 2017, 361 times more than the average worker, according to AFL-CIO, the largest federation of U.S. labor unions.

“This year’s report provides further proof of America’s income inequality crisis,” said AFL-CIO secretary-treasurer Liz Shuler.

The average production and nonsupervisory worker earned some $38,613 per year, according to the federation’s data.

https://www.reuters.com/article/us-u...KCN1IN2FU?il=0

Not surprisingly, the differences have been great for many years.