The United States topped the list in 2018 for the country with the highest gap between CEO and worker pay. In that year, for every U.S. dollar an average worker received, the average CEO earned 265 U.S. dollars. India, the United Kingdom, South Africa, and the Netherlands rounded out the top five for countries with the highest CEO to worker pay.
The 99 percent
It is a well-known issue that wages for average workers in the United States have been stagnating. Average hourly earnings for American employees, which have been hovering just below 11 U.S. dollars, have not gone up by much over the past year. The federal minimum wage in the United States has been 2.13 U.S. dollars for tipped workers and 7.25 U.S. dollars for non-tipped workers since 2009 and would be much higher today if minimum wage was adjusted for inflation.
The one percent
The gap between normal workers and CEOs is particularly high in the U.S. The richest CEO in 2018 was Elon Musk, with an annual compensation of about 2.84 billion U.S. dollars. America is also home to the world’s richest man, Jeff Bezos, who is the head of Amazon.com.
Ratio between CEO and average worker pay in 2018, by country
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BBC World Service. (January 9, 2019). Ratio between CEO and average worker pay in 2018, by country [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/424159/pay-gap-between-ceos-and-average-workers-in-world-by-country/
BBC World Service. "Ratio between CEO and average worker pay in 2018, by country." Chart. January 9, 2019. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/424159/pay-gap-between-ceos-and-average-workers-in-world-by-country/
BBC World Service. (2019). Ratio between CEO and average worker pay in 2018, by country. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/424159/pay-gap-between-ceos-and-average-workers-in-world-by-country/
BBC World Service. "Ratio between Ceo and Average Worker Pay in 2018, by Country." Statista, Statista Inc., 9 Jan 2019, https://www.statista.com/statistics/424159/pay-gap-between-ceos-and-average-workers-in-world-by-country/
BBC World Service, Ratio between CEO and average worker pay in 2018, by country Statista, https://www.statista.com/statistics/424159/pay-gap-between-ceos-and-average-workers-in-world-by-country/ (last visited November 21, 2024)
Ratio between CEO and average worker pay in 2018, by country [Graph], BBC World Service, January 9, 2019. [Online]. Available: https://www.statista.com/statistics/424159/pay-gap-between-ceos-and-average-workers-in-world-by-country/