Canada.com Tobi Cohen, Canadian PressPublished: Tuesday, January 02, 2007 Top CEOs have already made more than typical worker
TORONTO - By the time the average Canadian grudgingly drags his or her still-hungover body into work Tuesday, swaps holiday tales with the stiff in the next cubicle, and hunkers down to work, the country's highest-paid CEOs will have already earned the worker's annual salary. Minimum-wage workers would have barely rolled out of bed on New Year's Day by the time the country's top earners pocketed the $15,931 that will likely take the low-paid workers all of 2007 to make. A study released Tuesday by the Canadian Centre for Policy Alternatives says the 100 highest-paid private-sector executives will have earned an average Canadian's salary of $38,010 by 9:46 a.m. Tuesday.
When you say that the average CEO made $9 million in 2005 and the average Canadian made ($38,000), the comparison between those things is so far into the stratosphere that I think people have trouble just coming to terms with what the comparison means," said Hugh Mackenzie, an economist with the independent research institute that focuses on issues of social and economic justice.
Policy Alternative Full Report Here
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