Chart of the Day: CEO Pay Is Still Growing

The Wall Street Journal reports that CEO pay was up yet again last year. Here’s the chart:

Big-company CEOs have seen a median pay raise of about 40 percent since 2010. Ordinary workers have seen a pay raise of 20 percent. Adjusted for inflation, that’s 25 percent for CEOs and 5 percent for ordinary workers.

And why not? After all, CEOs have been coasting along on a long wave of good economic times, and why shouldn’t they be rewarded for that? What’s more, in 2016 they helped elect a guy who gave them a big tax cut in 2017. Why shouldn’t they be rewarded for that too?

As for ordinary workers, they coasted along too, and they also voted for the tax-cut guy. Oddly enough, no one thinks they should be rewarded for that. Go figure.

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Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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