Press Room

Press releases and statements from the Michigan AFL-CIO.

Michigan CEOs Paid 171 Times Average Worker, 455 Times Minimum Wage Worker

FOR IMMEDIATE RELEASE
Contact: 
Sara Wallenfang
swallenfang@aflcio.org

Michigan CEOs Paid 171 Times Average Worker, 455 Times Minimum Wage Worker

 

2014 Executive PayWatch exposes high paid CEOs in the low wage economy www.PayWatch.org

 

(Michigan; April 15, 2014) – According to the AFL-CIO’s 2014 Executive PayWatch website, the average CEO of a company based in Michigan made $7,004,386, which is 171 times more than the $40,898 earned by the average Michigan worker. When compared to the earnings of full time minimum wage workers who make $15,392 per year in Michigan, the gap between CEO and worker pay jumps up to a 455:1 ratio.

 

This year, the highest paid CEO in the state of Michigan is Brett A. Roberts of Credit Acceptance Corp. He makes 1,327 times more than the average worker and 3,526 times more than minimum wage workers in Michigan.

 

While many companies may argue that they can’t afford to raise wages, across the country the nation’s largest companies are earning higher profits per employee than they did five years ago. In 2013, the S&P 500 Index companies earned $41,249 in profits per employee, a 38% increase.

 

“Here in Michigan, we realize that the surest path to fairer wages is collective bargaining. We also support any effort to raise wages for all workers. CEO PayWatch is an effective tool to show workers that it is time for CEOs to compensate their hard working employees fairly once and for all,” said Karla Swift, Michigan State AFL-CIO President.

 

Many of the CEOs highlighted in PayWatch head companies, like Walmart, that are notorious for paying low wages. Meanwhile, U.S. CEOs – the highest paid in the world – pocketed an average of $11.7 million in 2013. That means CEOs were paid 331 times that of the average worker and 774 times more than workers making minimum wage.

 

“CEO Executive PayWatch calls attention to the insane level of compensation for CEOs, while the workers who create those corporate profits struggle for enough money to take care of the basics,” said Richard Trumka, President of the AFL-CIO. “This database is relevant to every community in the country. And we’ll use this data to organize and mobilize to lift millions of workers out of poverty and to strengthen the middle class.”

 

PayWatch is the most comprehensive searchable online database tracking the excessive pay of CEOs of the nation’s largest companies. It offers visitors to the website the unique ability to compare their own pay to the pay of top executives. This year, PayWatch highlights five low wage companies through worker testimonials at Walmart, Kellogg’s, Reynolds, Darden Restaurants and T-Mobile.

 

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Statement from Michigan AFL-CIO President Karla Swift on Terri Lynn Land’s So-called Plan for Michigan Manufacturing

FOR IMMEDIATE RELEASE

 
Friday, April 4, 2014 

Contact: Kristopher Banks

313-595-6564 , kbanks@miaflcio.org

 

Statement from Michigan AFL-CIO President Karla Swift on Terri Lynn Land’s So-called Plan for Michigan Manufacturing

 

“Michiganders cannot trust Terri Lynn Land because she supports an anti-middle class agenda that would hurt our workers, undercut Michigan manufacturing, and send good paying jobs overseas. Here’s the truth – Land’s plan would gut worker training programs just to give new tax breaks to companies that ship jobs overseas. If Land had her way, our auto industry would have failed, and if she is elected to the U.S. Senate, she will support policies that make it tougher for our workers and our manufacturers to compete. Land’s anti-middle class agenda may be right for the out of state billionaires boosting her campaign, but it would hurt working families here in Michigan.”

 

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Statement by Michigan State AFL-CIO President Karla Swift on Marriage Equality

For Immediate Release

Contact: Sara Wallenfang

swallenfang@aflcio.org

 

Statement by Michigan State AFL-CIO President Karla Swift on Marriage Equality

Today, Attorney General Eric Holder did the right thing by granting same-sex couples married in Michigan federal benefits. It is a disgrace that our state government will not follow suit.

Governor Snyder has shown a shameful lack of leadership and basic human decency on this issue. Loving, committed couples should not have to wait through a costly and politically motivated appeals process in order to receive equal treatment in our state.

Appallingly, it is still legal to fire or discriminate against Michigan workers based sexual orientation or gender identity. Even after same-sex marriage is fully recognized, the labor movement will continue to fight for fairness and equality for all.

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Mark Schauer to Accept the Michigan State AFL-CIO Endorsement in Detroit

Mark Schauer to Accept the Michigan State AFL-CIO Endorsement in Detroit

Workers and retirees will be out in force to show their support

Media Advisory for Wednesday, March 19, 2014

Contact: Sara Wallenfang

269-290-2523swallenfang@aflcio.com

 

Mark Schauer to Accept the Michigan State AFL-CIO Endorsement in Detroit

Workers and retirees will be out in force to show their support

(Detroit, Michigan) Following the unanimous vote of the Executive Council and General Board last week, gubernatorial candidate Mark Schauer will accept the Michigan State AFL-CIO endorsement directly from workers in Detroit this Wednesday.

 

“Mark Schauer is a fierce advocate for the middle class who fought to save Michigan auto jobs while in Congress,” said Michigan AFL-CIO President Karla Swift. “Mark is ready to fight for students and seniors as governor. This is in sharp contrast to Rick Snyder, who cut school funding and taxed seniors in order to give tax cuts to corporations, even if they ship jobs overseas.”

 

“It’s an honor to have the support of Michigan’s working families,” said Schauer. “I am committed to building an economy that works for the middle class, not just the wealthy and the well-connected. As governor, I’ll make education a top economic priority to help our kids compete for high-wage, high skill jobs, and I’ll fight to get rid of the job-killing Snyder Retirement Tax.”

 

What:    Mark Schauer Endorsement Rally

 

Who:     Mark Schauer

Karla Swift, Michigan State AFL-CIO President

Michigan working families representing a broad cross section of industries

 

When: Noon on Wednesday, March 19

 

Where: AFSCME Council 25 at 600 W. Lafayette Blvd.; Detroit, MI

 

Visuals: Large crowd with brightly colored signage

 

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The Michigan State AFL-CIO is the state federation of labor, representing over 1,000,000 active and retired members. The mission of the Michigan State AFL-CIO is to improve the lives of working families—to bring economic justice to the workplace and social justice to our state and the

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