In 2022, Canada's 100 highest-paid CEOs made an average of $14.9 million, according to a recently released Canadian Centre for Policy Alternatives’ (CCPA) report. They now make 246 times more than the average worker wage in Canada.
According to CCPA Senior Economist David Macdonald ~ “The top CEOs make $7,162 an hour and so it only takes a little over eight hours to make the $60,607 annual pay of the average worker. If we say that both get paid vacations, like New Year’s Day, then by Tuesday, January 2, 2024, at 9:27 a.m. those CEOs will have already gotten what the average worker makes in a year,”
He added...“This is truly the hallmark of a new Gilded Age.”
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