John,
Wealth inequality in America is out of hand. While everyday people struggle to survive, billionaires become richer than ever.
That’s why for years, DFA members have been on the frontlines fighting to force companies to report their CEO-to-median worker pay ratio. Now, with this rule fully in effect, we are finding out just how unequal some workplaces are.
A new report by the Institute for Policy Studies (IPS) recently exposed that of the 300 corporations with a 670 to 1 gap between the CEO and median worker, 40% are federal contractors.
At a time when companies can hand out massive pay raises to bigshot executives, President Biden use must executive action to incentivize federal contractors to narrow the wage gap and rein in CEO pay.
Tell President Biden: Rein in CEO Pay through executive action!
CEOs don’t work hundreds of times harder than other workers, they just exploit them to pad their bottom lines. In fact, the wage gap wasn’t always this large.
In 1950, the CEO-to-median worker pay ratio was 20:1. It rose to 42-to-1 by 1980, and 120-to-1 by 2000.
So, with American workers more productive than ever, they continue to get fleeced by CEOs who keep all of these benefits to themselves.
President Biden already took executive action to raise the minimum wage for all federal contractors to $15 an hour, now he must make federal contractors narrow their wage gap and rein in CEO pay.
Tell President Biden: Rein in CEO Pay through executive action!
Thank you for taking action today.
- Tre
Tre Graves
Digital Organizing Coordinator
Democracy for America
