The average CEO made more in one day last year than the average worker did for all of 2014.
Chief executives of S&P 500 companies averaged $13.5 million in pay in 2014, or 373 times as much as the $36,000 salary earned by the average "technical and nonsupervisory worker" during the same time period, according to new report from the AFL-CIO, a labor organization.
To put in context: that means the average CEO earned nearly $37,000 a day (roughly), surpassing the annual pay of average workers.
“America faces an income inequality crisis because corporate CEOs have taken the raising wages agenda and applied it only to themselves,” Richard Trumka, president of the AFL-CIO, said in a rallying cry of a statement issued with the findings.
By comparison, the organization found that average CEOs were paid 331 times as much as average workers one year earlier. The average S&P CEO pay has increased by almost $2 million year-over-year, while the average worker pay has gone up by less than $1,000.
In this year's report, the AFL-CIO specifically calls out the CEO of Walmart, who is said to earn more than 1,000 times more per hour than new employees at the company, who start with an hourly salary of $9.