Analysis: One exchange during a congressional hearing laid bare the CEO-employee pay disparity
By Philip Bump Philip Bump National correspondent focused largely on the numbers behind politics Email Bio Follow April 12 at 2:09 PM At its heart, the question posed by Rep.
President Trump has touted recent increases in the hourly wage as evidence that his economic policies are working. Last month, we noted that the February jobs report included some specific data that bolstered that idea. Real earnings -- earnings adjusted for inflation -- had indeed increased more quickly in recent months.
CEOs, by contrast, have done very well for themselves. This chart from EPI shows both CEO and overall employee compensation by year. On the scale of millions of dollars, overall employee compensation just looks like a blue line running along the bottom of the chart.It’s not new that CEOs make more than their employees. In 1965, for example, CEOs made 20 times what their employees made, according to EPI.
During my questioning, @jpmorgan CEO Jamie Dimon said he didn’t know if all my numbers were accurate. Here’s the math so he can check. pic.twitter.com/OIDkrWfASC
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