Interesting and insightful discussion on wage stagnation and executive salary! This comparison is between the AVERAGE salary (around 60k-80k in Australia) and executive salary but NOT between the MINIMUM salary and executive salary. This understanding could make a significant difference in the way this information is interpreted. "Mr Liveris says Australian corporations’ approach to executive remuneration is outdated, as it’s based on a model created for corporations in the 1980s and 1990s. “It’s barely been reviewed for decades even though the business environment has changed. “In this time of change and innovation, decision makers need to better analyse the contributions being made to their corporation’s performance and examine how they can share the benefits more widely.”"
http://www.abc.net.au/news/2017-12-06/ceo-salaries-78-times-average-australian/9216156
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