Bill > SR112

This resolution requests the University of Hawaii Economic Research Organization (UHERO) to conduct a comprehensive study on the CEO-to-worker pay ratio in Hawaii, examining the significant disparity between executive and typical worker compensation. The study aims to determine the pay ratios across different industries, assess the economic impact of these disparities, and identify potential strategies to reduce the gap, with a particular focus on nonprofit organizations and companies regulated by the Public Utilities Commission. The resolution highlights alarming national trends, including data from the Economic Policy Institute showing that CEO compensation has increased by 1,209 percent since 1978, while typical worker pay has only risen by 15.3 percent, and that the CEO-to-worker pay ratio has expanded from 20-30:1 in the 1960s and 1970s to 268:1 in 2023 for S&P 500 Index companies. UHERO is requested to submit a report with findings and recommendations, including potential legislation, to the Legislature at least 40 days before the 2026 regular session, with copies of the resolution to be transmitted to key state officials and organizations.

Education

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SR&billnumber=112&year=2025