News from EPI › CEO pay soared nearly 19% in 2020: CEOs made 351 times as much as the typical worker
While millions were jobless due to the pandemic-driven recession in 2020, CEO compensation at the top 350 U.S. firms grew 18.9% to $24.2 million on average, according to a new EPI analysis. Meanwhile, typical worker compensation rose 3.9% in 2020, but this wage growth is overstated: high job loss among low-wage workers skewed the average wage higher.
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