3 ms·
Employers aren't printing up more money. Yes, labor costs going up impact profits but what about labor costs of management? That has gone up significantly: "Fr
by pstuart 3y ago
Employers aren't printing up more money. Yes, labor costs going up impact profits but what about labor costs of management? That has gone up significantly:
"From 1978 to 2021, CEO pay based on realized compensation grew by 1,460%, far outstripping S&P stock market growth (1,063%) and top 0.1% earnings growth (which was 385% between 1978 and 2020, according to the latest data available). In contrast, compensation of the typical worker grew by just 18.1% from 1978 to 2021"
Source: https://www.epi.org/publication/ceo-pay-in-2021/#:~:text=From%201978%20to%202021%2C%20CEO,18.1%25%20from%201978%20to%202021 https://www.epi.org/publication/ceo-pay-in-2021/#:~:text=Fro....