CEO pay rising twice as fast as worker pay: AP

CEO pay rising twice as fast as worker pay: AP
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CEO pay is going up more than twice as fast as pay for regular workers, according to a study The Associated Press commissioned from Equilar.
 
CEOs at the biggest companies got an $800,000 pay raise in 2018, equivalent to roughly a 7 percent increase, while the median worker saw just a 3 percent increase in their paychecks.
 
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The data examined pay for 340 CEOs from the S&P 500 who had served at least two full years and found that their median level of overall compensation increased to $12 million last year.
 
According to the AP, a typical worker would need to work for 158 years to earn what their CEOs earn in just one year.
 
Democrats clamoring for their party's presidential nomination have made income and wealth inequality a central theme, often blasting President TrumpDonald John TrumpDemocrat calls on White House to withdraw ambassador to Belarus nominee TikTok collected data from mobile devices to track Android users: report Peterson wins Minnesota House primary in crucial swing district MORE for tax cuts they say disproportionately benefit the wealthy.
 
Candidates such as Sen. Elizabeth WarrenElizabeth WarrenKamala Harris: The conventional (and predictable) pick all along On The Money: McConnell says it's time to restart coronavirus talks | New report finds majority of Americans support merger moratorium | Corporate bankruptcies on pace for 10-year high Hillicon Valley: Facebook removed over 22 million posts for hate speech in second quarter | Republicans introduce bill to defend universities against hackers targeting COVID-19 research | Facebook's Sandberg backs Harris as VP pick MORE (D-Mass.) have called for taxing wealth above $50 million, while Sen. Bernie SandersBernie SandersBiden wins Connecticut in final presidential primary of year Vermont Rep. Peter Welch easily wins primary Three pros and three cons to Biden picking Harris MORE (I-Vt.) has proposed increasing taxes on capital gains, which tend to benefit the wealthy.