Are Canada’s high-rolling corporate bosses really 209 times more valuable than the rest of us?
Did someone say the economy can’t afford a $15 an hour minimum wage?
As many Canadians return to work for the new year, a new report by the Canadian Centre for Policy Alternatives’ David Macdonald finds the country’s top 100 CEOs banked the average worker’s annual salary before lunchtime today.
According to the latest data, in 2016 Canada’s most lushly-paid executives made an average of $10.4 million— or 209 times the average income of $49,738.
In the CCPA’s 11 years of analyzing CEO wage data, this marks the first time CEO to average worker pay has surpassed a ratio of 200:1.
Continue Reading.
It’s worth mentioning this is the average worker pay. It is similar in the United States, but what this fails to mention are the numbers of the people making minimum wage that work at many of these places. When you put those numbers in, the ratio skyrockets to about 625:1
If you put their salary into hourly wages, they make about 5,000 dollars an hour
They make the average surgeon’s salary in a week












