Prices are going up, and CEOs are making out like bandits
CNN
Inflation is eating into everyone's paycheck — unless you're a CEO.
Prices are going up just about everywhere, and corporations have been quick to blame those hikes on the cost of doing business, with labor and materials prices going up because of Covid-fueled supply issues and Russia's invasion of Ukraine. And while compensation for American workers climbed 4% last year, the biggest increase since 2001, you're paying a lot more for stuff: When adjusted for inflation, wages and salaries actually fell 2.4%.
Meanwhile, CEOs are making out like bandits. In some ways, they've got us to thank for it.
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