Lawrence Mishel

Teachers Make 17% Less Than Similar Workers...and That Number Keeps Dropping

It’s back to school time and while many of us say we value our teachers and our children’s teachers, that is not reflected in their paychecks—and it’s getting worse: teachers’ pay has been steadily decreasing over the last several decades.

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CEOs Make 276 Times More Than Typical Workers

The compensation of the CEOs of the largest firms has grown much faster than stock prices, corporate profits and the wages of the top 0.1 percent. But the most dramatic difference is between the compensation of CEOs and the compensation of typical workers is that from 1978 to 2015 CEO compensation grew 941 percent while the compensation of a typical worker grew just 10 percent.

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As Union Membership Has Fallen, the Top 10 Percent Have Been Getting a Larger Share of Income

As union membership has fallen over the last few decades, the share of income going to the top 10 percent has steadily increased. Union membership fell to 11.1 percent in 2014, where it remained in 2015 (not shown in the figure). The share of income going to the top 10 percent, meanwhile, hit 47.2 percent in 2014—only slightly lower than 47.8 percent in 2012, the highest it has been since 1917 (the earliest year data are available). When union membership was at its peak (33.4 percent in 1945) the share of income going to the top 10 percent was only 32.6 percent.

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