As noted yesterday, I’m working on a longer piece about sky-high salaries—merit vs. “rents”—so I was interested to see this piece (“Invasion of the Supersalaries”—nice!) in the NYT this AM. That piece reports that “the median compensation of a chief executive in 2013 was $13.9 million, up 9 percent from 2012…” I’m assuming that 9% is nominal (not inflation adjusted) but according to the BLS, nominal median weekly earnings for regular old full-time workers not from the exec suites went up about 1% last year, which was actually a bit behind inflation (1.5%; seetable 7; we’re talking about $40,000/year).
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