Recent findings from Oxfam show CEO pay has surged by 50% in real terms since 2019, with an alarming 56 times increase compared to mere 0.9% growth in workers' salaries. The survey covered 2,000 companies across 35 countries, revealing the highest CEO earnings in Ireland and Germany. The report underscores a systemic issue where wealth increasingly flows to top executives while ordinary workers face rising living costs. Oxfam leaders called attention to the dire implications of this disparity and the challenges faced by workers globally amidst soaring corporate profits.
CEO pay has increased 56 times more than workers' wages since 2019, according to Oxfam, highlighting a growing disparity in global compensation.
Oxfam's survey found that while the average pay for CEOs surged by 50%, the average worker's salary only rose by 0.9% in the same timeframe.
Amitabh Behar from Oxfam emphasized that the widening gap between CEO compensation and worker salaries reveals a system designed to funnel wealth upwards.
Luc Triangle of ITUC stated that workers around the world are denied basic necessities while corporations thrive and evade responsibility.
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