USA - CEO Pay 324 Times Higher Than Employees

Arno Froese

CEOs of the top 500 companies in the U.S. earned 324 times more money in 2021 than their employees, with executive compensation climbing $2.8 million dollars in the past year on average as worker wages declined, according to an AFL-CIO report.

While the report found that real worker wages fell 2.4 percent in 2021 after adjusting for inflation, the average compensation for the top CEOs in the nation last year was $18.3 million, a more than $5 million increase over the past decade.

The disparity between the average worker’s pay and CEO compensation shows how inequality has ballooned during the pandemic.

At Amazon, where workers unionized for the first time this year at a Staten Island location, CEO Andrew Jassy earned more than $212 million in 2021. That was 6,474 times the median pay of the average Amazon worker, according to the AFL-CIO report.

-thehill.com, 20 July 2022

Arno's Commentary

There is much debate on both sides of the fence, but the facts are crystal clear, as reported by thehill.com. Will this change in the near future? Most likely not.

But there is good news that supersedes the poor and the rich: “For ye know the grace of our Lord Jesus Christ, that, though he was rich, yet for your sakes he became poor, that ye through his poverty might be rich” (2 Corinthians 8:9).

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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