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.    

Summary: 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.

  • LordR@kbin.social
    8·
    10 months ago

    Inflation. 1 Dollar in 1978 would be worth abut 4.71 Dollars today. So the minimum wage back than would be about $12.50 in todays money.

    I often forget about inflation too but it’s actually quite crazy what a huge effect ithas on the value of our money.