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.

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