Category: Labor

CEO Pay Soars to 361 Times that of the Average Worker

Average CEO pay for major U.S. companies has risen more than 6%, as income inequality and outsourcing of good-paying American jobs have increased. According to the new AFL-CIO Executive Paywatch, the average CEO of an S&P 500 Index company made $13.94 million in 2017—361 times more money than the average rank-and-file worker. Read More

Supreme Court upholds arbitration that bans workers from joining forces over lost wages

The court’s conservatives, speaking through Justice Neil M. Gorsuch, said the employees must abide by a company’s arbitration contract, including provisions that limit them to bringing only individual claims. In dissent, Justice Ruth Bader Ginsburg called the decision “egregiously wrong” and said it harks back to the era of “yellow dog contracts.” She was referring […]

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