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

from America’s Work Force Union Podcast · host BMA Media Group

The AFL-CIO had to add more digits to its Paywatch database this year just to fit one person's compensation package. S&P 500 CEOs averaged $22.8 million in 2025 without Elon Musk. His $158.3 billion Tesla package pushed the average to $340.1 million, approximately 1,700% higher than the prior year and the highest figure in Paywatch's 28-year history. The ratio of his pay to the median Tesla worker's pay: 2,522,203 to 1. Excluding Musk, the average CEO-to-worker ratio is 312-to-1. And workers' share of US national income fell to its lowest level since World War II. On today's episode of America's Work Force Union Podcast, AFL-CIO Secretary-Treasurer Fred Redmond joins for the final First Friday with Fred before Labor Day 2026 to discuss what the 2025 Executive Paywatch report means for working people, why full-time employees at some of the country's largest employers are among the top recipients of Medicaid and SNAP and why the AFL-CIO is heading into this Labor Day genuinely optimistic, with a goal of 2 million new union members in the next five years described as a floor, not a ceiling. Visit aflcio.org and paywatch.org for more.

Episode metadata supplied by the publisher feed · Published Sep 4, 2026

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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.

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

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