Oregon’s CEOs Paid 327 Times Average Worker; Outsourcing Results in Even Higher Inequality
2016 Executive PayWatch highlights corporate pay inequality
(Portland, OR) – CEO pay for major companies in Oregon continues to soar as income inequality and outsourcing of good-paying American jobs increases. Outsourcing has become a hot presidential election topic with candidates calling out corporations who say they need to save money by sending jobs overseas. Meanwhile, according to the new AFL-CIO Executive PayWatch, the average Oregon CEO made over $13 million per year in 2015 – 327 times more money than the average worker.
The Executive PayWatch website, the most comprehensive searchable online database tracking CEO pay, showed that in 2015, the average production and nonsupervisory Oregon worker earned approximately $41,601 per year, a wage that when adjusted for inflation, has remained stagnant for 50 years.
“These numbers demonstrate the unacceptable levels of income inequality that exist here in Oregon and around the country,” said Oregon AFL-CIO President Tom Chamberlain. “This is a disgrace and we must stop Wall Street CEOs from continuing to profit on the backs of working people. We need to focus on raising wages for all, creating and keeping good jobs here and reversing these unfair and unjust trends.”