Pay gaps between CEOs and employees have widened

The pay gap between CEOs and their workers grew wider last year among companies paying the lowest wages.

The average gap between CEO and median worker pay jumped to 670 to 1, up from 604 to 1 in 2020, according to a new report by the Institute for Policy Studies (IPS), a progressive think tank based in Washington D.C. The report looked at the 300 publicly-held U.S. corporations that had the lowest median wages in 2020. Among the 300 companies, 49 had ratios of CEO-to-worker pay above 1,000 to 1. READ MORE