More evidence this week that the earnings gap between top executives and average workers is growing. Equilar released its findings on U.S figures this week. (Mike Blinch-Reuters)

The wage gap between CEO’s and employees: huge and growing


By 11 am on the first working day of the new year, the average CEO in Canada had already earned what it takes the average Canadian to earn in an entire year. In other words, by their second cup of coffee on that first working day in January they’ve already pocketed more than most Canadians will get all year.

The Canadian Centre for Policy Alternatives report examined the 100 highest-paid CEOs at TSX-listed companies for 2016.

The average CEO salary, bonuses, and benefits was worth well over $10 million which is over 200 times the average working Canadian salary of just under $50,000.

That figure keeps rising as well, with CEO pay hikes of about 8 per cent, compared with worker salary raises of about 0.5 per cent.

U.S figures just released

Now, for the tenth year, the U.S executive compensation consultant firm Equilar has released their latest findings on the U.S wage gap in a survey for the New York Times.

The survey deals with publicly traded companies.

It showed that workers at the median salary level at some companies, such as Walmart or Live Nation Entertainment, would have to work more than a thousand or two thousand years respectively to earn the same amount as their CEO’s do in one year.

Another example cited that of the CEO of Time Warner earned who last year made US$ 49 million. The average employee has a fairly decent wage of just over $75,000, but at that rate it would still take them over 650 years to tally up the same amount as CEO Jeffrey Bewkes.

While many average employees struggle to pay rent and watch housing prices climb beyond reach, This 2017 listing for a Toronto mansion at $5.5 million would barely dent many a CEO annual salary. Photo Sotheby’s International

The figures can be skewed as some companies outsource work, and it is also difficult to quantify pay to part time workers.

Financiers, which are often privately owned and so included in the Equilar study. CEO’s there and can earn even greater sums. Forbes reported the founder of Blue Crest Capital Management earned $2 billion last year.

Often pay raises for workers are less than the annual cost of inflation meaning many are actually going backwards in terms of their buying power.

Experts say this is bad all around for the economy as discretionary money fades, meaning fewer products are being bought.

Additional information-sources

Tagged with:
Posted in Economy

Do you want to report an error or a typo? Click here!

@*@ Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

 characters available

Note: By submitting your comments, you acknowledge that Radio Canada International has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Radio Canada International does not endorse any of the views posted. Your comments will be pre-moderated and published if they meet netiquette guidelines.

Netiquette »

When you express your personal opinion in an online forum, you must be as courteous as if you were speaking with someone face-to-face. Insults and personal attacks will not be tolerated. To disagree with an opinion, an idea or an event is one thing, but to show disrespect for other people is quite another. Great minds don’t always think alike—and that’s precisely what makes online dialogue so interesting and valuable.

Netiquette is the set of rules of conduct governing how you should behave when communicating via the Internet. Before you post a message to a blog or forum, it’s important to read and understand these rules. Otherwise, you may be banned from posting.

  1.’s online forums are not anonymous. Users must register, and give their full name and place of residence, which are displayed alongside each of their comments. reserves the right not to publish comments if there is any doubt as to the identity of their author.
  2. Assuming the identity of another person with intent to mislead or cause harm is a serious infraction that may result in the offender being banned.
  3.’s online forums are open to everyone, without regard to age, ethnic origin, religion, gender or sexual orientation.
  4. Comments that are defamatory, hateful, racist, xenophobic, sexist, or that disparage an ethnic origin, religious affiliation or age group will not be published.
  5. In online speak, writing in ALL CAPS is considered yelling, and may be interpreted as aggressive behaviour, which is unpleasant for the people reading. Any message containing one or more words in all caps (except for initialisms and acronyms) will be rejected, as will any message containing one or more words in bold, italic or underlined characters.
  6. Use of vulgar, obscene or objectionable language is prohibited. Forums are public places and your comments could offend some users. People who use inappropriate language will be banned.
  7. Mutual respect is essential among users. Insulting, threatening or harassing another user is prohibited. You can express your disagreement with an idea without attacking anyone.
  8. Exchanging arguments and opposing views is a key component of healthy debate, but it should not turn into a dialogue or private discussion between two users who address each other without regard for the other participants. Messages of this type will not be posted.
  9. Radio Canada International publishes contents in five languages. The language used in the forums has to be the same as the contents we publish. The usage of other languages, with the exception of some words, is forbidden. Messages that are off-topic will not be published.
  10. Making repetitive posts disrupts the flow of discussions and will not be tolerated.
  11. Adding images or any other type of file to comments is forbidden. Including hyperlinks to other websites is allowed, as long as they comply with netiquette. Radio Canada International  is in no way responsible for the content of such sites, however.
  12. Copying and pasting text written by someone else, even if you credit the author, is unacceptable if that text makes up the majority of your comment.
  13. Posting any type of advertising or call to action, in any form, to Radio Canada International  forums is prohibited.
  14. All comments and other types of content are moderated before publication. Radio Canada International  reserves the right to refuse any comment for publication.
  15. Radio Canada International  reserves the right to close a forum at any time, without notice.
  16. Radio Canada International  reserves the right to amend this code of conduct (netiquette) at any time, without notice.
  17. By participating in its online forums, you allow Radio Canada International to publish your comments on the web for an indefinite time. This also implies that these messages will be indexed by Internet search engines.
  18. Radio Canada International has no obligation to remove your messages from the web if one day you request it. We invite you to carefully consider your comments and the consequences of their posting.


One comment on “The wage gap between CEO’s and employees: huge and growing
  1. Peter Ashcroft says:

    This fact is coming to light in other industrialised nations.