Bill > SCR133

This concurrent resolution requests the University of Hawaii Economic Research Organization (UHERO) to conduct a comprehensive study of the CEO-to-worker pay ratio in Hawaii, driven by concerns about growing income inequality and executive compensation. The resolution highlights that CEO compensation has increased by 1,209 percent since 1978, while typical worker pay has only risen 15.3 percent, and that the CEO-to-worker pay ratio has expanded from 20-to-1 in the 1960s to 268-to-1 in 2023 for S&P 500 companies. UHERO is specifically asked to: (1) determine the CEO-to-worker pay ratio across different industries in the state, (2) assess the economic impact of these pay disparities, and (3) identify potential strategies to reduce the pay gap, including options for nonprofit and public utility companies. The organization is requested to submit a report with findings and recommendations, including potential legislation, no later than forty days before the 2026 legislative session, with copies of the resolution to be sent to key state officials in business, economic development, insurance, and utilities.

Education

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SCR&billnumber=133&year=2025