Private sector workers gutted it out in 2023. Their overall compensation rose 4.1%, according to data reported last week by The Associated Press — just enough to keep pace with inflation after getting pounded by rising costs the year before.
Corporate executives, on the other hand, had a field day. The study, a collaboration between the AP and the research firm Equilar, found that median total compensation among S&P 500 CEOs in 2023 rose 12.6%, more than three times the rate of inflation and their workers’ increases.
