Washington, DC – S&P 500 CEOs took home an average of $18.9 million in total compensation in 2024 – a 7% pay raise from the previous year, according to a report released by the National AFL-CIO.
This increase means CEOs made 285 times a Median Worker’s income, up from the already egregious 268-to-1 shown in last year’s annual report. The National AFL-CIO’s 2025 Executive Paywatch Report analyzes new data to quantify the gross economic inequality between America’s CEOs and the Workers who make their profits for them.
“Corporate CEOs are raking in millions and now they’ll get another kickback from President Trump’s tax cut gift and Anti-Worker agenda,” National AFL-CIO Secretary-Treasurer Fred Redmond said.
“Trump is paying for this handout to CEOs by cutting health care, food assistance and hundreds of thousands of jobs that depend on government investments. A Union is the best check on a ‘bad boss.’ So, while greedy billionaires and corporations drive up the cost of living, we’ll continue to fight for the policies and fair contracts that get workers the pay they’ve earned.”
The National AFL-CIO is sounding the alarm on how President Donald Trump and wealthy CEOs are cutting each other deals at Working People’s expense as part of year-round organizing.
