Even though 2024 has just begun, Canada’s top 100 highest-paid CEOs have already made more than the average worker.
That’s according to a new report released Tuesday by the Canadian Centre for Policy Alternatives (CCPA), which says that the CEOs’ pay broke “every record in the book” in 2022.
According to CCPA’s data, the top CEOs make $7,162 an hour, which means it takes little over eight hours for them to make $60,607 — the annual pay of the average worker in Canada.
“If we say that both (CEOs and workers) 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,” CCPA Senior Economist and author of the report David Macdonald said in a statement.
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