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Today in Labor History

July 8, 1905
The founding convention of the Industrial Workers of the World (I.W.W., or Wobblies) concluded in Chicago. Charles O. Sherman, a former American Federation of Labor organizer, was elected president.  ~ Labor Tribune

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Updated: Jul. 08 (22:04)

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Median CEO Pay Leaps to Record Levels as Workers Strike for Better Wages
Updated On: May 19, 2022
May 19, 2022 | CORPORATE GREED | As workers across the U.S. attempt to unionize and walk off the job over brutal conditions and starvation wages, an analysis released Sunday found that the median pay package of top U.S. CEOs jumped to $14.7 million in 2021 — the sixth consecutive record-breaking year for executive compensation. According to the Wall Street Journal’s review of data from more than 400 U.S. corporations, total CEO compensation “rose by at least 12% for most of the executives, and most companies recorded annual shareholder returns of nearly 30%.” Rising CEO pay stands in stark contrast to the grim economic realities that ordinary workers are facing nationwide as inflation — driven in large part by corporate profits — erodes modest wage gains and expiring pandemic aid leaves vulnerable families without a safety net… Truthout
 
 
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