this post was submitted on 14 Sep 2023
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Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

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"average top CEO compensation was $15.6 million in 2021, up 9.8% since 2020. In 2021, the ratio of CEO-to-typical-worker compensation was 399-to-1 under the realized measure of CEO pay; that is up from 366-to-1 in 2020 and a big increase from 20-to-1 in 1965 and 59-to-1 in 1989"

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[–] [email protected] 7 points 1 year ago

compare to only 273% (and ~ six tenths) for the federal minimum wage since jan 1, 1978 (was $2.65, is $7.25). it would be ~ $39/hr if it increased at the same rate at CEO pay over that time frame.