In Sweden, a director earns 103 times more than a childcare worker or cleaner
Industry & EmploymentSweden
- Omissions
- The claim does not specify the source of the 103 figure, which could not be verified through available Swedish official or union sources
- The most reliable Swedish data available (LO's Makteliten report) compares top CEOs to industrial workers (77:1 ratio), not specifically to childcare workers or cleaners
- European-wide data from ETUC shows CEOs in Europe's top companies earn 110 times more than average workers, which is closer to but still different from the claimed 103 figure
- The comparison group matters significantly - industrial workers, average workers, childcare workers, and cleaners may have different wage levels affecting the ratio
- Sources
- PrimaryEuropean Trade Union Institute (ETUC)Chief executives of Europe's top companies are paying themselves 110 times more than the average worker
- SecondarySweden HeraldA top CEO now earns 77 times more than an industrial worker, according to LO's annual review in the report Makteliten
- SecondaryOxfam SwedenIn Sweden, real wages for wage earners have decreased by 5% since 2019, while CEO compensation increased by 46%