The AFL-CIO's "Executive Paywatch" report highlights growing income inequality, showing that average S&P 500 executives made 285 times more than median workers in 2024. Executives received raises averaging $1.4 million, while median workers' earnings grew by only 3%. At Starbucks, CEO Brian Niccol earned 6,666 times more than a typical employee, with his compensation package nearing $98 million. Additionally, ongoing anti-union actions by Starbucks have affected employee rights and benefits amid these disparities in pay.
The AFL-CIO's latest "Executive Paywatch" report reveals that S&P 500 executives made an average of 285 times more than their median workers, a significant increase from the prior year.
In 2024, Starbucks CEO Brian Niccol's compensation package was roughly 6,666 times greater than that of a median Starbucks employee, highlighting extreme pay disparity.
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