CEO Pay Soars While Workers Struggle with Inflation
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CEOs in Canada made record salaries in 2022, averaging $14.9 million - 246 times more than the average worker's earnings. This exposes economic inequality.
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While CEO pay grew by 4.4%, average workers only saw a 3% pay bump - meaning their real wages fell behind inflation.
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Soaring inequality contributes to problems like hunger and homelessness. Food bank usage and unaffordable housing prices continue to rise.
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In the US, the gap between CEO and worker pay has exploded since 1965. CEOs now make 344 times an average worker's salary.
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To fix this, new tax brackets, wealth taxes, and other rule changes are needed to redistribute money and power back to average people.