CEOs Reap Record Pay as Workers Struggle with Layoffs, Declining Union Power

• Shareholders and CEOs are taking home record profits, over $1 trillion last year, while workers are being laid off.

• CEO pay has ballooned, increasing 31% from 2018-2022, while revenue and profits at Fortune 500 companies have grown significantly.

• Stock buybacks hit a record $681 billion in 2022, consolidating power and wealth at the top.

• Union membership and worker power has declined over recent decades, while corporate influence in politics has increased.

• The wage gap between CEOs and average workers continues to skyrocket, with ratios now as high as 1,7451 at some companies.