A new report on CEO pay finds that the heads of the 350 largest American corporations saw their compensation rise 17.6% in 2017.

Meanwhile, the average worker’s salary barely moved in that same year, edging up just 0.3%.

The Guardian:

The rise came after the bosses of America’s largest companies got an average pay rise of 17.6% in 2017, taking home an average of $18.9m in compensation while their employees’ wages stalled, rising just 0.3% over the year.

The pay gap has risen dramatically, with some fluctuations, since the 1990s. In 1965 the ratio of CEO to worker pay was 20-to-one; that figure had risen to 58-to-one by in 1989 and peaked in 2000 when CEOs earned 344 times the wage of their average worker.

And

Between 1978 and 2017 CEO compensation has increased by 979%. Over the same period the S&P 500 Index of the US’s largest companies grew 637%. The typical workers’ pay package rose just 11.2% over the same time frame.

Companies must start to be accountable to employees. Thinking solely of shareholders widens the wealth gap and hurts workers.