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…CEOs take on huge responsibilities for their companies, so it makes sense that they’d be compensated accordingly, but where the issue lies for many is how their annual salaries compare to other workers in the U.S….[This article] explores exactly what the pay gap between CEOs and average workers looks like in the U.S. and, additionally, how the gap compares state to state.
In general, we found that in the U.S., CEOs earn an average of $139,782 more annually than the average worker. As you can see in the above table, 28 states fall above that average and 21 states fall below.
In general, we found that in the U.S., CEOs earn an average of $139,782 more annually than the average worker. 28 states fall above that average and 21 states fall below.
Starting with the national average, there is a 279.7% difference in pay between CEOs and average workers. As noted in the table above, 19 states have a gap in pay between CEOs and average workers of 300% or greater, with the greatest percentage difference being 502.8% in South Dakota.
It is staggering to see the dollar and percentage differences laid out state by state. With all of the changes and uncertainty the economy has seen and will continue to see as a result of the COVID-19 pandemic, it will be interesting to see how this potentially impacts executive pay at affected companies.