Corporate CEOs got a 14 percent pay raise last year, with average compensation having reached $21.3 million and researchers believe it will likely be even higher in 2020, according to the Washington Post.

At this point, the average ratio of CEO-to-worker pay is 320-to-1, up from 293-to-1 in 2018 and more than five times higher than the 61-to-1 ratio in 1989. The analysis, which came from the Economic Policy Institute, also noted that, based on historical figures, CEO pay rose by 1,167 percent between 1978 and 2018, compared to the pay for the typical worker, whose wages in the same time period grew by 13.7 percent. The analysis further noted that CEO pay grew faster than even others in the top 0.1 percent of earners, who overall saw a 337 percent increase in pay during the past four decades.

The analysis included wages and bonuses as well as stock options. The Post noted that actual pay forms a very small part of what CEOs overall make, as most of their compensation is tied to the stock market. Therefore, while several companies have announced CEO pay cuts in the wake of the pandemic, this move matters little in what they take home overall. Gven how much CEO compensation is tied to the market, the analysis concluded that it is likely that CEOs will actually make even more money in 2020, now that the stock market has recovered and is booming.