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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.