The AFL-CIO recently released its annual Executive Paywatch report and it’s not a pretty picture.
The CEO-to-worker pay ratio is now 287 to 1, meaning the average CEO earns 287 times what an average employee earns. What’s that mean in real dollars? Well, the average CEO last year took home $14.5 million in total compensation. And while the average U.S. rank-and-file worker’s pay has increased only about $15 a week over the last ten years, those “average” CEOs have seen their pay go up almost $10,000 dollars a week. “This year’s report,” said AFL-CIO Secretary-Treasurer Liz Shuler, “is a stark reminder that working people must use our collective voice to form bigger, stronger unions and rewrite the economic rules once and for all.” We’ve got a link to the report on our website at dclabor.org On today’s labor calendar, tune in for this week’s edition of Your Rights At Work at 1 o’clock today when our guests will include labor novelists Gary Frank and Tim Sheard, and WPFW’s own Dave Zirin on equal pay for women soccer players. For complete details and all the latest local labor calendar listings, go to dclabor.org and click on Calendar. In today’s labor history, on this date in 1892, striking coal miners in Coeur d’Alene, Idaho, dynamited barracks housing Pinkerton management thugs. Today’s labor quote is by Sidney Hillman, who led the Amalgamated Clothing Workers, was a key figure in the founding of the Congress of Industrial Organizations and was a close advisor to President Franklin D. Roosevelt. Hillman, who died on July 10, 1946, said: “Politics is the science of who gets what, when and why.” Union City Radio is supported by our friends at Union Plus. If you’re planning to go to the movies this summer, you can save up to 37% with Union Plus Movie Discounts at national chains. Visit unionplus.org/movies.
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