Last month, economic advisor to The Executive Connection, Warren Hogan, claimed that “low wage growth story has become a macroeconomic phenomena around the world” and told workers not to expect any material pay rises.
Today, it has been revealed that top executives at large US companies are paid 278 times more than their workers, with the pay gap widening, and this is harming the economy:
Average CEO compensation at the 350 largest US firms in 2018 was $17.2 million a year, including stock options, which generally account for two-thirds of their pay packages, according to a study by the Economic Policy Institute.
