Amazon and McDonald's have largest wage gaps between CEOs and employees (2024)

As workers struggle to meet their day-to-day expenses and fight tooth and nail for a cost-of-living raise, CEOs continue to enjoy ballooning salaries that far outpace their employees' salary bumps.

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Income inequality has been exponentially on the rise since the second half of the 20th century. The U.S middle class, which once accounted for the majority of Americans, has been shrinking, while the salaries of top CEOs have increased by over 1,400% since the 1970s; in comparison, the average worker salary grew by just 18.1% in the same period, according to the Economic Policy Institute.

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Extravagant CEO pay is a driver of rising income inequality. More than 80% of CEO's pay comes from stock-options, rather than job-related work, according to a study from the Economic Policy Institute. To gain further insight into the issue, Switch on Business conducted an analysis of America's 100 largest companies to unveil the severity of the problem and which industries are leading it.

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Amazon and McDonald's have largest wage gaps between CEOs and employees (2024)
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