The US’s top 500 chief executive officers earned 340 times the average worker’s wage last year, taking home $12.4m on average, according to a new report. In 2014 the same group earned 373 times more than their workers, earning on average $13.5m. At the moment, labor unions like the AFL-CIO and other workers’ organizations are the only ones attempting to track the pay ratio of corporate executives and average American workers. That number, based on Bureau of Labor Statistics data, encompasses workers across the US economy, not just the S&P 500 companies. The average production worker, who does not hold a supervisory role, earned about $36,900 a year in 2015.

Source: The Guardian May 17, 2016 10:26 UTC