CEO pay is up 1,085% since 1978, while typical worker pay is up just 24%.
Why do we always hear "we can't afford to pay our workers more" but never "we can't afford to pay our CEO more"?
Boards decide CEO pay based on very detailed performance and competitive information, with little to no budget consideration.
CEOs budget changes in worker pay based on macro level information around overall expenses, with little to no consideration of anything else.
That's the disconnect.
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