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Edit Close * Sign Up * Log In * Dashboard * Logout * * My Account * Dashboard * Profile * Saved items * * Logout Home * Broadcast Schedule * Advertising Information * Contact Us * Employment Opportunities * KMA-AM Public File/EEO Report * KMA-FM Public File/EEO Report * Staff Info * Newsletters * KMA Social Media Policy * About Us News * Local * The Morning Line * This Week in KMAland * National * World * Business * Health * Entertainment Sports * Local Sports * Sports Calendar * Livestream * Derek's Blogs * Regional Sports * KMA Sports Hall of Fame * KMAland Sports Awards * Upon Further Review with Derek Martin * National Sports * Purchase Game CDs * Scoreboards * Photo Galleries AG * Local Grain Prices * Markets * Agri News * Market Talk Podcast * Farm Calendar Funerals Auction Block KMA E-Shop * Place an Ad * E-Shop Ad Cancellation Form KMA Programs * Upon Further Review with Derek Martin * KMA Morning Show * The Morning Line * This Week in KMAland * Page Turners * Broadcast Schedule * Talk of the Town Community * Calendar * Birthdays/Anniversary Calendar * KMAland Healthcare Heroes * Mentoring Programs * Why I Love Living in KMAland Cancellations * School Cancellations * Sports Announcements * Other Announcements * Church Cancellations * Submit a Church or Event Cancellation * Sign up for School Closing Notifications Weather * Skywatchers * Weatherology Radar * On-Track Forecast * Current KMA Weather * Weatherology Active Weather ListenLive * 960 AM * 99.1 FM * Download our App Site search Search * Listen Live * 960 AM * 99.1 FM * Mobile App * Sign Up * Log In * Dashboard * Logout * * My Account * Dashboard * Profile * Saved items * * Logout * Facebook * Twitter * Instagram * 54° * SHENANDOAH, IA (51601) TODAY Clear skies. Low 27F. Winds SSW at 5 to 10 mph.. TONIGHT Clear skies. Low 27F. Winds SSW at 5 to 10 mph. Updated: October 15, 2024 @ 6:14 pm * * Full Forecast Site search Search Toggle navigation * 54° * SHENANDOAH, IA (51601) TODAY Clear skies. Low 27F. Winds SSW at 5 to 10 mph.. TONIGHT Clear skies. Low 27F. Winds SSW at 5 to 10 mph. Updated: October 15, 2024 @ 6:14 pm * * Full Forecast * Home * Broadcast Schedule * Advertising Information * Contact Us * Employment Opportunities * KMA-AM Public File/EEO Report * KMA-FM Public File/EEO Report * Staff Info * Newsletters * KMA Social Media Policy * About Us * News * Local * The Morning Line * This Week in KMAland * National * World * Business * Health * Entertainment * Sports * Local Sports * Sports Calendar * Livestream * Derek's Blogs * Regional Sports * KMA Sports Hall of Fame * KMAland Sports Awards * Upon Further Review with Derek Martin * National Sports * Purchase Game CDs * Scoreboards * Photo Galleries * AG * Local Grain Prices * Markets * Agri News * Market Talk Podcast * Farm Calendar * Funerals * Auction Block * KMA E-Shop * Place an Ad * E-Shop Ad Cancellation Form * KMA Programs * Upon Further Review with Derek Martin * KMA Morning Show * The Morning Line * This Week in KMAland * Page Turners * Broadcast Schedule * Talk of the Town * Community * Calendar * Birthdays/Anniversary Calendar * KMAland Healthcare Heroes * Mentoring Programs * Why I Love Living in KMAland * Cancellations * School Cancellations * Sports Announcements * Other Announcements * Church Cancellations * Submit a Church or Event Cancellation * Sign up for School Closing Notifications * Weather * Skywatchers * Weatherology Radar * On-Track Forecast * Current KMA Weather * Weatherology Active Weather * ListenLive * 960 AM * 99.1 FM * Download our App * KMA 960 * KMA-FM 99.1 Close * Facebook * Twitter * WhatsApp * SMS * Email * Print * Copy article link * Save Prev Previous Previous PAGE COUNTY EMS TOWN HALL SET IN SHENANDOAH (Shenandoah) -- Shenandoah is the latest stop in a series of… Next Next Up Next Up CLARINDA LIBRARY HOSTING OPEN HOUSE, CELEBRATING 20 YEARS AT… (Clarinda) -- Clarinda library officials are celebrating two… Hot IA LEADS NATION FOR WAGE GAP BETWEEN WORKERS, CEOS * Mark Moran -- Iowa News Service * Oct 12, 2024 * Oct 12, 2024 * * Facebook * Twitter * WhatsApp * SMS * Email * Facebook * Twitter * WhatsApp * SMS * Email * Print * Copy article link * Save (KMAland) -- A new report from the American Federation of Labor showed the pay gap between CEOs and their workers continues to widen and Iowa has among the biggest disparities in the nation. The report found companies' production costs were down 3% in 2023 but consumer prices were up 3%. Charlie Wishman, president of the Iowa American Federation of Labor, said company CEO profits are up 6%, even as more families struggle to keep up with a rising cost of living. Wishman pointed out the gap between the CEO and an average worker at a Casey's General Store in Iowa is among the highest in the nation. "The average CEO pay to the median worker pay, the difference is 623 to 1, meaning the CEO was going to make 623 times more than the median worker wage at Casey's," Wishman outlined. Wishman noted the Casey's CEO-to-employee wage gap has grown from about 40 to 1 in the 1980s. Casey's said it reviews its salary and bonus structure yearly to be sure they are competitive. Nationwide, the report said it would take more than five career lifetimes for a worker to earn what the average CEO is paid in one year. The report listed several examples of huge corporate profit increases, including a 66% hike in the former Starbucks CEO's pay. Securities and Exchange Commission documents showed Laxman Narasimhan's compensation jumped from $8.8 million in 2022 to $14.6 million in 2023. Wishman argued for the average Iowan, such numbers are hard to stomach. "It's not just that there's so-called 'inflation' going on, that consumers are making 'too much money.'" Wishman asserted. "We actually think it's an excuse that's being used by a lot of corporations to charge consumers more." In the Starbucks example, the report showed the cost of a medium coffee at the chain has risen by 20% in some locations and the company has doubled the number of points required to qualify for rewards despite its overall production costs going down. THANK YOU FOR READING KMALAND.COM At KMA, we attempt to be accurate in our reporting. 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