I’m keynoting a meeting to celebrate publication of 8 articles about SNAP in a special section of the American Journal of Public Health. 9:30am – 11:00am, CUNY Graduate School of Public Health & Health Policy, 55 West 125th Street, 7th Floor Auditorium. Participants: Mariana Chilton , Nevin Cohen, Nick Freudenberg, Brynne Keith-Jennings, Jennifer Pomeranz, Alfredo Morabia, Janet Poppendieck. Information is here.
Pay inequality in the food business
Its two printed pages of lists compare CEO total annual compensation (in millions of dollars) to the median pay of employees (in $ thousands).
Median means half the employees get that amount or more, but the other half gets that amount or less.
I looked for the data on companies that produce, food, beverage, or agricultural products. I could not find many (where is Coca-Cola?). Several of the companies of interest—Monsanto, Sysco, and Procter & Gamble, for example—list the pay of the CEOs, but not employees.
Even so, the comparison is striking. Repeat: CEO pay is in $ millions; worker pay is in $ thousands.
|COMPANY||CEO TOTAL ANNUAL
|MEDIAN WORKER PAY,
|Archer Daniels Midland||15.8||57.3|
The Times interactive lists provide calculations of the ratios (and its account explains the limitations of these data—part-time work, etc).
If you need quantifiable evidence for income inequality, here it is.