Income gap reaches a record high in Sweden

Sweden is known for its social welfare system and widespread efforts in gender equality but the gap between the high earners and low earners is widening, with women left worse off.

Catherine Edwards
Catherine Edwards NewsMavens, Sweden
Income gap reaches a record high in Sweden - NewsMavens
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Why this story matters:

The least well-paid fields included the traditionally female-dominated professions of care work and cleaning, while few women were among the country's top paid CEOs.

The differences between those at the top of Sweden's financial food chain and those at the bottom are greater than ever.

Salaries have soared since the 1980s, when the incomes of the top CEOs were equal to the incomes of nine industrial workers on average. Today, the average income of the top 50 CEOs is equal to the salary of almost 60 industrial workers.

Today, all of the top ten highest earners in Sweden are men, and the average top CEO earns a salary more than 80 times the average salary of a nurse or care worker.

Details from the story:

  • Only four women are among the country's top 50 highest-earning CEOs, according to the report from the Swedish Trade Union Confederation (LO)
  • No women were in the top ten highest earners
  • The country's highest earner, H&M's CEO, earned over 158 million kronor in 2017
  • The average CEO from the top 50 earned the same as 83 workers in the care sector or 81 cleaners
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