Tag: Workers

CEOs’ Pay Increases in 2023 Widen Income Gap with Workers

South Carolina Sun Staff
CEO Pay

The average salary for a company’s chief executive officer (CEO) soared by 13% in 2023, thus producing an even greater income gap between top executives and the workers they employ.

According to ABC News, a data analysis by Equilar for the Associated Press revealed that the median compensation package for a CEO rose in 2023 to $16.3 million, marking a 12.6% increase. At the same time, wages and benefits for the average worker rose by just 4.1%. At half of the companies included in the Equilar survey, it would take one worker at least 200 years to make the same amount of money that their CEO makes.

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Commentary: Vaccine Mandates Likely Exacerbated Healthcare Worker Shortage, New Research Shows

South Carolina Sun Staff
tired medical staff

In his book Economics in One Lesson, Henry Hazlitt makes a famous distinction between good and bad economists:

The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. The bad economist sees only what the effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups.

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Commentary: Solutions for America’s Unhealthy Economy

South Carolina Sun Staff
Worker That Is Stressed

LinkedIn is the worst social media site in existence.

Engaging with literal pornbots on Twitter is less soul-sucking than reading the tone-deaf striver banalities and motivational tripe that festoon the place: “Here are five things I learned about peer-to-peer marketing after proposing to my girlfriend,” etc. 

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Business Group Plans to Sue After FTC Bans Noncompete Contracts

The Center Square
Contract Talks

The Federal Trade Commission issued a final rule Tuesday to ban noncompete contracts that prevent employees from joining rival companies in a move that immediately drew a legal challenge.

U.S. Chamber of Commerce President and CEO Suzanne Clark said the measure was illegal and would hurt businesses and workers.

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Part-Time Jobs Are Booming Under Biden as Americans Look to Make Ends Meet

South Carolina Sun Staff
Uber Driver

More Americans are having to take part-time jobs as consumers struggle with economic factors like high inflation, while full-time employment has sunk in tandem, according to data from the Bureau of Labor Statistics (BLS).

Around 133,196,000 workers were employed with full-time jobs in the U.S. in December, which was down from 134,727,000 in November — a drop of more than 1.5 million, according to the BLS. During that same time frame, the number of Americans employed in part-time positions rose by 762,000, while the number of people with multiple jobs increased by 222,000.

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