Fred Redmond on CEO Pay, the 2025 Paywatch Report and Labor Day 2026

AFL-CIO Secretary-Treasurer Fred Redmond discusses the 2025 Executive Paywatch report: S&P 500 CEO pay averaged $22.8 million excluding Musk and $340.1 million including his $158.3 billion Tesla package, a ratio of 2,522,203 to 1 against the median Tesla worker and 312 to 1 for the rest of the S&P 500, while workers’ share of US national income hit its lowest level since World War II and a third of adults have no retirement savings. His Labor Day message: 2 million new union members in five years is the floor, not the ceiling.