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How did corporations justify such extreme disparity in a year of extraordinary hardship for workers? (Photo: Shutterstock)

How did corporations justify such extreme disparity in a year of extraordinary hardship for workers? (Photo: Shutterstock)

CEO Pay Skyrocketed at Corporations While Their Low-Wage Workers Suffered in the Pandemic

More than half of the country's 100 largest low-wage employers rigged pay rules in 2020 to give CEOs 29 percent average raises while their frontline employees made 2 percent less.

Sarah Anderson

 by Inequality.org

During the pandemic, low-wage workers have lost income, jobs, and lives. And yet many of the nation's top-tier corporations have been fixated on protecting their wealthy CEOs, even bending their own rules to pump up executive paychecks.

A new Institute for Policy Studies report finds that 51 of the country's 100 largest low-wage employers moved bonus goalposts or made other rule changes in 2020 to give their CEOs 29 percent average raises while their frontline employees made 2 percent less.

"It's time for public policy to shift corporate America away from a business model that creates obscene wealth for a few at the top and economic insecurity for so many of the rest of us."

Among these 51 rule-rigging companies, average CEO compensation was $15.3 million in 2020, while median worker pay was $28,187 on average. The average CEO- worker pay ratio: 830 to 1.


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Breaking: FDA Panel Recommends Pfizer Covid-19 Vaccine for Kids 5 to 11

With just one abstention, the advisory panel voted 17-0 to approve the vaccine for younger children which scientific review has deemed both safe and effective against the deadly virus.

Common Dreams staff ·



Sunrise Movement Corrects Manchin: US 'Has Done More Than Any Other' to Cause—Not Solve—Climate Crisis

"Sen. Manchin is clearly drafting his climate plan with false information. At worst he's telling us lies given to him by his fossil fuel donors. At best, he's misinformed."

Brett Wilkins ·


Worst Polluters Spending Over Two Times More on Border Militarization Than on Climate Action

"Maybe, instead of spending a fortune to arm the borders, we should help the world transition to clean energy so people don't have to leave their homes."

Kenny Stancil ·


Democrats Urged to Seize 'Historic Chance' on Billionaire Wealth Tax

Following Sen. Kyrsten Sinema's objection to raising the corporate tax rate, the party has turned to Sen. Ron Wyden's proposal.

Julia Conley ·

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