Oxfam's recent analysis reveals alarming trends in global wage disparity as CEO pay has soared by 50% since 2019, reaching an average of $4.3 million in 2024. In stark contrast, average worker wages in the same period increased by just 0.9%. This growing income inequality highlights systemic issues where wealth continues to concentrate among the richest, exacerbating the struggles of ordinary workers. Oxfam proposes substantial reforms, including steep tax rates for the affluent and wage increases to keep pace with inflation.
Year after year, we see the same grotesque spectacle: CEO pay explodes while workers' wages barely budge. This isn't a glitch in the system - it's the system working exactly as designed.
Oxfam called for top marginal tax rates of at least 75% on the highest earners and wage increases to ensure worker pay keeps up with inflation.
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