on strike since May 2
after the WGA did not reach a new contract agreement with the Alliance of Motion Picture and Television Producers, which represents 350 major studios and streamers, and included proposals to raise writers' wages, establish streaming residuals, regulate the use of artificial intelligence in their work, and other protections., the WGA says it is asking for 6% increases in minimum rates for the first year, followed by raises of 5% for the following two.
The average CEO at a top U.S. company was paid $27.8 million in 2021, including stock awards — 399 times as much as the typical worker — according to researchFrom 1978 to 2021, CEO pay grew by 1,460%, adjusted for inflation, versus just 18.1% for the typical worker. Even during the pandemic, CEO pay increased by 30%, compared with just 4% for the average employee., costing the California economy an estimated $2.