CEO pay slightly declined in 2022: But it has soared 1,209.2% since 1978 compared with a 15.3% rise in typical workers’ pay

spaceghoti@lemmy.one to politics @lemmy.world – 226 points – CEO pay slightly declined in 2022: But it has soared 1,209.2% since 1978 compared with a 15.3% rise in typical workers’ pay
epi.org

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.

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Are you sure they haven't already adjusted the 1978 figure for inflation?

Finally, the table shows inflation-adjusted changes in the stock market, as measured by the Dow Jones Industrial Average and the S&P 500 Index.

That makes it $12.5k/yr ish which looks a lot more reasonable.

They probably did. My parents combined didn't make $50k in the 70s. They didn't even make that by the late 80s at best. We were in the lower middle class. I'm pretty sure 50k in 78 would've been a lot of money. I recall the new family sedan costing about $7k in the mid 70s which works out to about $38k today... which is probably in the ball park.