US – CEO pay was, on average, more than 370 times higher than the income of the average American worker Stifel finds

According to a recent report from the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), S&P 500 company CEOs made an average salary package of $22.6M in 2014, up nearly $2M from the previous year. Alternatively, according to the Bureau of Labor Statistics (BLS), the average worker in the US made only $36.1k in 2014. In other words, CEO pay was, on average, more than 370 times higher than the income of the average American worker. Additionally, CEO salary earnings are up nearly 16% over the last year, while wages for the average American household remain lackluster, growing at a stagnant 2% pace over the last five years. Not only is the nominal income gap widening between America’s executive leaders and the typical worker, but the growth rate continues to exacerbate the earnings spread.

Chosen excerpts by Job Market Monitor. Read the whole story at Everyday Economics – Stifel