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Election 2004 How are Working Families Doing Under the Bush Administration? Print copies for distribution. PAYCHECKS |
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| People Like Them | BANKRUPTCIES
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| Salaries
climb for CEOs The CEOs at the nations largest companies saw their raises more than double in 2003. [CNN, 7/04] In 2003, the average CEO of a major company received $9.2 million in total compensation, according to The New York Times. [AFL-CIO Executive PayWatch. www.aflcio.org] In 2003, CEO pay was 301 times the pay of the average production worker. [United for a Fair Economy] In 1990, CEO pay was 85 times the pay of the average production worker. [annual Business Week survey] |
Wages
flat for workers Hourly wages over the last year rose 2.3 percent, short of the 3.0 percent inflation rate. [Bureau of Labor Statistics, 7/04] Ten million workers are at the federal minimum wage rate of $5.15 an hour. Almost one quarter of all workers earn less than $9 an hour, which is the federal poverty line for a family of four. Of the 1.3 million jobs created from June 2003 to June 2004, 60 percent are in industries paying less than $13.30 an hour. [Economic Policy Institute, 8/25/04] |
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