Overview

• Oxfam's report reveals global CEO pay surged 50% since 2019, reaching an average of $4.3 million in 2024, while worker wages grew by only 0.9%.
• Billionaires accumulated $206 billion in new wealth over the past year, earning approximately $23,500 per hour, far exceeding global average incomes.
• The gender pay gap narrowed from 27% to 22% between 2022 and 2023, though women still effectively work one unpaid weekday compared to men.
• Oxfam and ITUC propose a minimum 75% income tax on top earners to address systemic wealth inequality and fund public services.
• The report criticizes U.S. tariffs under Donald Trump, warning they could reduce average household disposable income by $1,600 to $2,000 annually.