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> if fortune 500 CEO pay is up less than 11% on avg since 2020 Yeah well, in reality it's up considerably more. They didn't get to be the 0.1% by accepting sub
by nikitaga 4y ago
> if fortune 500 CEO pay is up less than 11% on avg since 2020
Yeah well, in reality it's up considerably more. They didn't get to be the 0.1% by accepting sub-inflation pay raises for the last 100+ years. Here is what their actual raises were:
19% in 2021, 16% in 2020, ~14% in 2019 & 2018. Sources below.
Meanwhile that's what average hourly wages increased by:
4.7% in 2021, 1.8% in 2020
https://fortune.com/2022/04/01/ceo-pay-rose-record-19-percent-2021/ https://fortune.com/2022/04/01/ceo-pay-rose-record-19-percen...
https://fortune.com/2021/05/28/ceo-pay-increase-2020-pay-gap-covid-pandemic/ https://fortune.com/2021/05/28/ceo-pay-increase-2020-pay-gap...
If you want to make your argument, show a profession which has ACTUALLY been getting sub-inflation raises for a decade or more, but you still consider to be overpaid. It's no coincidence that such combination doesn't exist.
- quickthrower2 4y agoMight be pilots or lawyers but generally they are not overpaid but just paid decent.
- nikitaga 4y agoOver the last 10 years in the US: Inflation (CPI): 25.2% (2.2% annual increase) Pilots average wage increase: 67.8% (5.3% annual raise, $118,070 -> $198,190) Lawyers average wage increase: 13.4% (1.2% annual raise, $130,490 -> $148,030) A mere 4.1% points difference in their annual pay raises, but it really adds up over the years – pilots started the past decade with lower wages than lawyers, yet ended it much better off. Keeping pace with inflation is extremely important. https://www.usinflationcalculator.com/ https://www.usinflationcalculator.com/ https://www.bls.gov/oes/current/oes532011.htm https://www.bls.gov/oes/current/oes532011.htm http://web.archive.org/web/20120526161129/https://www.bls.gov/oes/current/oes532011.htm http://web.archive.org/web/20120526161129/https://www.bls.go... https://www.bls.gov/oes/current/oes231011.htm https://www.bls.gov/oes/current/oes231011.htm http://web.archive.org/web/20120526012248/https://www.bls.gov/oes/current/oes231011.htm http://web.archive.org/web/20120526012248/https://www.bls.go...