Executive Pay is Skyrocketing: Elon Musk Raked in Massive Pay Package

Elon Musk gets a $56 billion pay package while workers’ pay is stagnant, income inequality grows, and the wealth gap is wider than it's ever been.

Serena Zehlius
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Serena
Serena Zehlius
Senior Writer
Serena Zehlius is a passionate writer and Certified Human Rights Consultant. Her love for animals is matched only by her commitment to human rights and progressive...
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In a year where executive pay is skyrocketing while average worker pay remains stagnant, Elon Musk raked in a $56 Billion pay package.

Watch: elon musk’s embarrassing reaction to $56 billion pay package

"Executive pay in the U.S. is skyrocketing at the highest rate in 14 years, widening the income-inequality gap as it increases almost three times faster than overall wage growth.

So far this year, Median CEO pay for S&P 500 companies shot up 12%, the Financial Times reports, while average workers are seeing about a 4.1% increase in their paychecks."

Read more about the widening pay gap here.

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Serena Zehlius
Senior Writer
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Serena Zehlius is a passionate writer and Certified Human Rights Consultant. Her love for animals is matched only by her commitment to human rights and progressive values. When she’s not writing about politics, you’ll find her outside enjoying nature.