Why CEOs Get Paid More Than Professional Athletes

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CEO pay continues to outpace the pay of working people. In the past 10 years, CEO pay at S&P 500 companies increased more than $340,000 a year to an average of $14.8 million in 2019. Meanwhile, the average production and nonsupervisory worker saw a wage increase of $836 a year, earning on average just $41,442 in 2019.

The NBA leads in average player salaries by a wide margin, as evidenced by Statista's list that also includes average 2019-2020 player salaries for the MLB, NFL, NHL and the MLS: Average NBA salary: $8.32 million.

* Average NBA salary: $8.32 million.
* Average MLB salary: $4.03 million.
* Average NFL salary: $3.26 million.
* Average NHL salary: $2.69 million.
* Average MLS salary: $410,000.

CEO compensation has grown 940% since 1978

Why it matters: Exorbitant CEO pay is a major contributor to rising inequality that we could safely do away with. CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills. This escalation of CEO compensation, and of executive compensation more generally, has fueled the growth of top 1.0% and top 0.1% incomes, leaving less of the fruits of economic growth for ordinary workers and widening the gap between very high earners and the bottom 90%. The economy would suffer no harm if CEOs were paid less (or taxed more).

Leadership is always in demand & valuable.

The best path to becoming CEO is through sales. (Bill McDermott)

Sales Career will pay more than professional athlete

How Sales Career Pays More Than Professional Sports