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The Wage and Salary Structure

In: Issues in Management-Labour Relations in the 1990s

Author

Listed:
  • Stephen G. Peitchinis

    (University of Calgary)

Abstract

In 1981, the weekly earnings of production workers in the United States averaged at around $255, giving an average annual income from full-time employment of $13 260: in service activities they averaged at about $209 per week, for an annual income from full-time employment of $10 868; whereas in construction the average was close to $400, for an annual income from employment of $20 800.1 The same year, the Chief Executive Officer of W. R. Grace was paid a salary of $1 549 000; the Chief Executive Officer of ITT was paid $1 150 000; the Chief Executive Officer of EXXON was paid $1 105 412; and the Chief Officer of Sears Roebuck was paid $1 010 137. Boeing paid its Chief Executive $957 551; IBM paid $940 000; and General Electric $853 976.2

Suggested Citation

  • Stephen G. Peitchinis, 1985. "The Wage and Salary Structure," Palgrave Macmillan Books, in: Issues in Management-Labour Relations in the 1990s, chapter 4, pages 53-72, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-07751-9_4
    DOI: 10.1007/978-1-349-07751-9_4
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