A fresh annual report shows that by January fourth the average CEO of a top-100 Canadian company had already made the annual salary of the average Canadian worker. This shouldn't surprise anyone. The scale of CEO compensation has been escalating for years, even as regular wages have remained mostly stagnant.
But it wasn't always this way. CEO salaries used to be tied to the same things as frontline workers' salaries. They were higher, but not insanely higher. How did that change? And what would it take to return to a more equitable sharing of the wealth?
GUEST: David Macdonald, senior economist, Canadian Centre for Policy Alternatives’ National Office
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