By 11:41 a.m. today, just as most Canadians are getting ready for their lunch break on the first official work day of the year, the average of the 100 highest paid CEOs will have already pocketed what it takes the average Canadian an entire year, working full-time to earn.
The infographic below highlights the time it takes for the country's top executives to earn the average salary (hint: it's less than half a day). It also reveals the number of workers you could employ at two different Canadian companies for the cost of their chief executive.
Employment and labour
This report looks at 2013 compensation levels for Canada’s highest paid 100 CEOs and finds that executive pay in Canada has rebounded to its pre-recession glory days. The review finds that the CEOs pocketed an average $9.2 million—compared to the average Canadian income of $47,358. The last time CEO pay was this high was in 2007, when the average for the highest paid 100 CEOs was $10 million.
OTTAWA—Before lunch today—the first official work day of 2015—Canada’s highest paid CEOs will pocket what most Canadians work all year to earn, says the Canadian Centre for Policy Alternatives’ (CCPA) annual CEO pay review.
Burger King’s proposed takeover of Tim Hortons is likely to have overwhelmingly negative consequences for Canadians. According to our report, Trouble Brewing, these are just a few of them:
The spring air, typically redolent with a sense of hope and renewal, hung over Queen's Park in May 2014 like a menacing storm cloud ready to break into a twister.
Two years of rancorous, scandal-ridden minority government had collapsed. Writ dropped, Ontarians faced a stark political reality: the prospect of a hard-right Progressive Conservative leader intent on declaring outright war on the province's labour movement.
The right to collective bargaining was going on political trial.
Hennessy’s Index is a monthly listing of numbers, written by the CCPA's Trish Hennessy, about Canada and its place in the world. For other months, visit: http://policyalternatives.ca/index
Burger King’s proposed takeover of Tim Hortons is likely to have overwhelmingly negative consequences for Canadians. This study analyzes Burger King's private equity owner, 3G Capital's, past takeovers of Burger King, Heinz, and Anheuser-Busch and finds it has a 30-year history of aggressive cost cutting, which could hurt Tim Hortons employees, small-businesspeople, Canadian taxpayers, and consumers.
The above quote, by one of Swiss author Max Frisch’s characters, succinctly captures the inherent conflict between employers and workers. Employers want results; they want productivity, machine-perfect timing and energy for the lowest wage possible. Workers want a living wage, benefits, a pleasant workplace, some say over the work process. They want work/life balance so they can enjoy life after work and spend time with their families.
This study compares the wages of full-time public and private sector workers and finds significant gaps in the wages of women, aboriginal workers, and visible minority workers—and that those gaps are bigger in the private sector in every instance.
Ce rapport est disponible en français: Refermer l’écart : La différence que font les salaires du secteur public.
Cette étude qui a comparé les salaires des employés à temps plein dans les secteurs public et privé révèle d'importants écarts salariaux chez les femmes, les travailleurs autochtones et ceux qui sont membres d'une minorité visible. Dans chaque cas, ces écarts sont plus importants dans le secteur privé.