Report shows Wisconsin CEOs make 276 times as much as avg. worker

Walmart CEO makes $9,323 per hour

If you’re looking for pay equity between average workers and CEOs of major companies, don’t look at current CEO pay in the U.S.

The new Paywatch report from the AFL-CIO shows a pay differential that is hundreds of times in favor of the heads of corporations.

One example: An average Walmart worker makes $9 an hour, while Walmart CEO C. Douglas Mcmillon earns 9,323 per hour. So, that employee would need to work 1,036 hours to make what Mcmillon does in one – or just over a half a year’s worth of 40-hour work weeks.

Costco, on the other hand, pays its CEO 2,703 per hour, while workers there earn an average of $20.89 an hour.

In Wisconsin, the report says CEO salaries at the those companies represented in the S&P 500 averaged over $11 million, last year.

The report says that’s 276 times the average worker salary of about $41,000. 

In Minnesota, the ratio is a slightly more modest 248 to 1. And, in Iowa, that ratio is even lower.

The union calls that level of pay discrepancy unacceptable and a “disgrace.”