‘CEOs Don’t Want This Released’: US Study Lays Bare Extreme Pay-Ratio Problem
– The Guardian
The first comprehensive study of the massive pay gap between the US executive suite and average workers has found that the average CEO-to-worker pay ratio has now reached 339 to 1, with the highest gap approaching 5,000 to 1. The study was published by Congressman Keith Ellison (D-MN), and includes data on almost 14 million workers at 225 US companies with total annual revenues of $6.3tn. The study also shows how some of the most extreme disparities in CEO-to-worker pay exist in industries that are considered consumer discretionary, such as fast food and retail, with a 977 to 1 disparity, one of the widest gaps.
‘Leery’ Customers Prompt Walmart To Shelve Self-Scanning Service
Walmart has ended a service where customers could ring up their own purchases, showing that old habits die hard even in the digital age (and – further illustrating the challenges that face “old economy” companies working to imbue their brands with”new economy” technology).
Why Amazon Is Opening More Of Its Futuristic, Cashier-Free Convenience Stores
From Slate: “Amazon’s futuristic cashier-free store is expanding from its Seattle base. The claim to fame for Amazon Go, a hybrid grocery and convenience store stocked with prepared meal items and a variety of kitchen staples, is its lack of human staff: You check into the store with a code on the Amazon Go app on your phone, shop, and then are charged for the items you leave the store with, eliminating the sometimes time-consuming hassle of the checkout line.”
ICE Worksite Investigations Are Already Double That Of Last Year
– HR Dive
U.S. Immigration and Customs Enforcement (ICE) has doubled the amount of ongoing worksite cases this fiscal year compared to the last fully completed fiscal year, it announced Monday.