Because CEO incomes have been rising exponentially while 90% of other incomes are stagnating or in decline. According to my research Chipotle employs approximately fifty-nine thousand workers (rounded down). Chipotle's two CEOs made between them fifty-seven million dollars (also rounded down) last year. If both CEOs gave up just one million dollars of compensation to go toward employee wages then each employee could have a dollar raise. Far more than that if we restrict that raise to just the part-timers who are on the front lines making the product and interfacing with customers.
Now who needs almost thirty million dollars a year to live on? Sure, you may think the Chipotle CEOs are worth a lot of money but compared to the people who are actually taking money from customers and delivering the final product? The disparity is a little too much. Fifty years ago the average CEO made a little over fifty times what their employees made, and that number has skyrocketed to over two hundred times.
Somebody's getting screwed here, and it's not the management.
Because CEO incomes have been rising exponentially while 90% of other incomes are stagnating or in decline. According to my research Chipotle employs approximately fifty-nine thousand workers (rounded down). Chipotle's two CEOs made between them fifty-seven million dollars (also rounded down) last year. If both CEOs gave up just one million dollars of compensation to go toward employee wages then each employee could have a dollar raise. Far more than that if we restrict that raise to just the part-timers who are on the front lines making the product and interfacing with customers.
Now who needs almost thirty million dollars a year to live on? Sure, you may think the Chipotle CEOs are worth a lot of money but compared to the people who are actually taking money from customers and delivering the final product? The disparity is a little too much. Fifty years ago the average CEO made a little over fifty times what their employees made, and that number has skyrocketed to over two hundred times.
Somebody's getting screwed here, and it's not the management.
Last time I saw the average disparity between CEOs and employees it was around 300 times more.
So that technically counts as "over two hundred times" but I appreciate the clarification nevertheless.