The Gap Between CEO and Worker Pay Has Become Staggering.mp4

PennyGem’s Elizabeth Keatinge tells us how many years it would take the average employee to earn what their CEO makes.

Transcript

00:00100 times more that's what most S&P 500 firms paid their CEO compared to their median worker

00:11this according to the Institute for policy studies new executive excess 2019 report so

00:16that means as market watch points out it would take the typical worker at one of the 50 public

00:21companies with the widest pay gaps an entire millennium to earn their CEO makes in a single

00:27year yikes that's a lot of clocking in the difference between what a median worker makes

00:32and a CEO makes is pretty drastic the median CEO pay at these 50 companies averages 15.9 million

00:39dollars last year well the median worker earned just 10,027 you heard that right according to the

00:45report nearly 10% of S&P 500 firms had median pay below the poverty line for a family of four

00:52some of the top offenders Walmart with a pay gap of 1076 to 1 marathon petroleum with a 714 to 1 pay

01:01gap and CVS with a 618 to 1 pay gap