CEOs now earn 320 times more than average workers

Robert Reich, the U.S. Secretary of Labor under Bill Clinton, tweeted Tuesday: “Capitalism is off the rails.” That was in reaction to a new report from the Economic Policy Institute (EPI), which found that the average CEO compensation in 2019 at one of America’s top 350 firms was $21.3 million, up by 14% from the year prior—and up 1,167% from 1978. A typical worker at one of these top companies now earns $67,000 per year.

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