Tell President Biden: Crack down on outrageous CEO pay.
In America, the super-rich have way too much power -- and they’re using it to further entrench their money and power.
Corporate CEOs are getting wealthier and wealthier – and it’s coming at the expense of their employees. In fact, at low-wage corporations, the gap between CEO pay and typical worker pay is now 603-to-1.
Thankfully, we don’t have to hope for a legislative miracle to start addressing this problem. President Biden and his administration can single-handedly help address this by requiring federal contractors to narrow their pay gaps.
Tell President Biden: Require federal contractors to reduce the excessive CEO pay gap.
CEO-worker pay gaps are a major driver of our country’s extreme economic inequality. Between 2009 and 2019, incomes for the richest 0.1 percent of Americans grew 3.5 times as fast as those for the bottom 90 percent of earners.
CEOs of leading contractors routinely haul multi-million dollar paychecks that are hundreds of times larger than their typical worker pay. By requiring federal contractors to narrow the gap between CEO pay and typical worker pay, the Biden administration can help address income inequality and take a stand for economic justice.
Add your name: no more federal contracts for companies with outrageous CEO pay!
Sources: Inequality.org, “The Low-Wage Corporations That Blew Half a Trillion Dollars to Inflate CEO Pay”, August 29, 2024