The average CEO gets 10 times the pay of a full-time minimum wage worker or the income of the typical Kiwi.
(note for journos – given most Kiwis have incomes of around the full-time minimum wage, half get less – perhaps our media analysis should concentrate more on how economics affects the bulk of us than a few thousand CEOs)
The gap is growing. The CEO pay increase was 26 times the median income increase (which, at 3.8%, was well below the 5.3% inflation that year). It was 56 times the increase that a full-time minimum wage earner got.
Does anyone think this is a recipe for a happy and successful New Zealand?