The average American worker would have to toil for about five weeks, with no days off, to earn what a CEO makes in an hour.

The Guardian reports:

According to the latest annual survey by the Economic Policy Institute, a progressive think tank, CEOs at the 350 largest companies in the country pocketed an average of $16.3m in compensation each last year. That’s up 3.9% from 2013, and a whopping gain of 54.3% since the recovery began in 2009.

The average annual earnings of employees at those companies? Well, that was only $53,200. And in 2009, when the recovery began? Well, that was $53,200, too. In other words, while the CEOs have seen their compensation soar by 54%, the typical worker’s paycheck hasn’t budged.

Read more here.

— Posted by Alexander Reed Kelly.

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#ceo#economic policy institute#income inequality#inequality#jamie dimon