Sorry, another screed – this time on CEOs making 25x what the lowest-paid employee does. Enjoy:
Andy, how much should a CEO make compared to the lowest-paid worker?
In the next teacher’s contract in my local school district, starting teachers will almost earn $50K/yr (starting salary, first-year teacher), and a teacher with 20 years on the job will finally crack $100K/yr (if they earn a PhD, mere BA holders top out at $95K/yr). Given that environment, what do you think of our salary for our superintendent? We pay him $175K/yr, or two and a half times what the lowest paid teacher makes?
Now, we have Bus Aides and crossing guards, and those jobs pay under $10/hr – should we consider them in our appropriate multiple of salary question? Fine, the crossing guard earns $8.75/hr, works 4 hours a day, 190 days a year. That’s $35/day or $6,650/yr. Dividing the super’s salary by the crossing guard’s gives him a 26.32x bigger salary.
That seems fair to me…