Northwest labor press. (Portland , Ore.) 1987-current, June 03, 2016, Image 12

Northwest labor press., June 03, 2016, Page 12, Image 12

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Newspaper Page TextPAGE 12 | June 3, 2016 | NORTHWEST LABOR PRESS Oregon’s CEOs paid 327 times average worker 2016 Executive PayWatch highlights corporate pay inequality CEO pay for major companies in Oregon continues to soar as income inequality and outsourc- ing of good-paying American jobs increases. Outsourcing has become a hot presidential election topic, with candidates calling out cor- porations who say they need to save money by sending jobs overseas. Meanwhile, according to the new AFL-CIO Executive PayWatch, the average Oregon CEO of a company listed in the S&P 500 made over $13 million per year in 2015—327 times more money than the average worker. The average Washing- ton CEO made more than $10 million per year—190 times Jordan Cove energy project in Coos Bay gets rehearing The Jordan Cove Energy Project was granted a rehearing May 9 by the Federal Energy Regula- tory Commission. Earlier this year, FERC denied the applica- tion for the construction and op- eration of a liquefied natural gas (LNG) export terminal and nat- ural gas pipeline in Coos Bay, Oregon. The $6 billion privately- funded project is supported by the Oregon State Building and Construction Trades Council and the Oregon AFL-CIO. Con- struction unions have a project labor agreement (PLA) in place. Construction will span 42 months, with an average work- force of 900, and a peak work- force of approximately 2,100. FERC is allowing the project more time to submit new infor- mation regarding LNG and pipeline customer agreements. To date, the project has secured customer interest in 50 percent of the LNG storage capacity and 77 percent of the pipeline capac- ity, which includes an agree- ment with JERA, the world’s largest LNG buyer based in Japan. For more information about the Jordan Cove LNG project, go to www.jordancovelng.com. more money than the average rank-and-file worker. The Executive PayWatch website, a searchable online database tracking CEO pay, showed that in 2015, the aver- age production and nonsupervi- sory Oregon worker earned ap- proximately $41,601 per year, a wage that when adjusted for in- flation, has remained stagnant for 50 years. “These numbers demonstrate the unacceptable levels of in- come inequality that exist here in Oregon and around the coun- try,” said Oregon AFL-CIO President Tom Chamberlain. “This is a disgrace and we must stop Wall Street CEOs from continuing to profit on the backs of working people. We need to focus on raising wages for all, creating and keeping good jobs here and reversing these unfair and unjust trends.” To find out more, go online to http://www.aflcio.org/Corpo- rate-Watch/Paywatch-2016. Get your disability application done right, right from the beginning. We help folks from the start. THIS NEWSPAPER BROUGHT TO YOU BY AMERICA’S LABOR MOVEMENT … AND BY OUR ADVERTISERS. LET THEM KNOW YOU APPRECIATE THE SUPPORT!