Contact Us
Make My Homepage

Website Shows Gap Between CEOs, Average Workers [AUDIO]

A new website created by the largest and most powerful union in the nation highlights the growing disparity in the pay of CEOs, compared to their typical employees.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Money Stack
Don Farrall, Getty Images

The website, paywatch.org, is part of the AFL-CIO‘s campaign to pressure Congress to raise the federal minimum wage.

“This allows people to get salary information for the CEOs in their state, as opposed to the average workers in that state,” said Derek Roseman, New Jersey AFL-CIO spokesman, “so for example in New Jersey, your average CEO is making more than $5.6 million as opposed to almost $47,000 for the average worker.”

Roseman was quick to do the math.

“That means the average CEO in New Jersey is making 121 times more than the folks who are actually doing the work,” Roseman said.

According to Roseman, even though the economy is in recovery, not all people are benefiting from the improved conditions.

“The reality is, this recovery right now is not being felt by the middle class, or folks making the minimum wage, or somewhere in between,” he said. “The majority of the benefits of this recovery are actually being enjoyed by the CEOs at the very top of the pyramid.”

Roseman argues that if workers are given a little larger slice of the pie, they will go out, spend money and help grow the economy and create more jobs.

He also said there’s always been a difference between CEO pay and worker pay.

“Fifty years ago, CEOs were making 25, 30, 40 times what their average worker was making, but now they’re making 120 times more,” Roseman said. “That is a level that is unsustainable for economic growth.”

Best of NJ 101.5

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://nj1015.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.