Erie's United Electrical Workers Strike at Wabtec
Perhaps unsurprisingly, there was no mention by the company of the costs of Wabtec executives as a burden. According to the AFL-CIO, Wabtec CEO Rafael Santana received over $11 million in compensation in 2021 alone. Explained in another way, $11 million is equivalent to nearly 150 employees earning $75,000 each. For additional context, as described by the Economic Policy Institute, the CEO-to-worker compensation disparity has increased significantly over the decades: 15-to-1 in 1965, 44-to-1 in 1989, to now hundreds of times more today (between 200 to 300).