State of theUnion
May/June 2013
Pay gap between CEOs and workers at record high
Safe Staffing Saves Lives
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he 2013 edition of the AFL-CIO’s Executive Paywatch, launched this year on Tax Day, shows no end to the trend of soaring CEO pay and stagnant pay for the average worker. In 1982, the average CEO earned 42 times that of the average worker. By 2012, the gap had reached 354 times. Put in current dollar terms, the CEO of a Standard & Poor’s 500 index company earned $12.3 million in total compensation last year, while the average rank-and-file worker earned $36,654. “Runaway CEO pay is fueling economic inequality in the U.S. and undermining our shared prosperity,” says AFL-CIO president Richard Trumka. “In addition, high levels of CEO pay can encourage excessive risk by CEOs, which hurts the longterm prospects of the companies they run.” As with past editions, the Executive Paywatch site lets you compare your pay and benefits package to that of a CEO, search the CEO pay database, and take action to rein in CEO pay. Go to paywatch.org to learn more.
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ationwide efforts are underway to enact legislation that will help ensure hospitals are doing more to provide safe staffing levels. Connecticut is no exception. AFT Connecticut is promoting legislation that would require hospitals to
Covering Mental Anguish From Work Related Trauma
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report staffing levels to the Department of Public Health. To help move this issue a new website SafeStaffingCT.org was created.
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