Income inequality: Executive salaries and Pay discrimination. Debbie Collier & Kathy Idensohn. Overview of presentation. Income inequality: its context and impact Labour law mechanisms Wage setting Unfair discrimination (‘equal pay for equal work’) Law on income differentials
‘... Increases have just exploded in the recent past. During the 1960s and 1970s, US CEOs earned roughly 20 times what ordinary workers earned. It doubled by the start of the 1980s and doubled again by the end of that decade.
But this is trivial compared with the increase in the 2000s. At the start of the decade, the average American CEO was earning 525 times more than the average worker, and it’s only slightly less now’.
‘… executive director salaries, across sectors, rose 11.6 percenton average, those of chief executive officers increased by on average14 percentand non-executive directors saw their fees rise by 15 percent. The average low-wage worker saw an increase of 10.1 percentin 2008.’
[Inflation : 10.3% / Company profit 14.8%]
2010 Call for restraint