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Index holds wages steady for low-paid Ohioans despite historic inflation Next month, Ohio’s minimum wage gets a 35-cent adjustment to $10.45 per hour to keep up with rising prices. The adjustment will benefit some 388,800 Ohioans. The Economic Policy Institute estimated that 150,700 Ohioans now paid less than $10.45 will see...
The average employee made $53,000. The average CEO made $13 million
Instead of reinvesting profits in research, equipment or in rank-and-file employees, companies often use a hefty chunk of that money to repurchase shares of company stock.
Fifty-three of Ohio’s largest employers paid their CEOs a median of 273 times what they paid the typical employee in 2022. That’s according to a new report by Policy Matters Ohio that compiles the ratio of CEO pay to the median employee — the person whose pay falls in the...