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5d ago

Global CEO Pay Jumps 50% in Five Years, Outpacing Worker Wages by 56 Times

Oxfam and ITUC report calls for a 75% top income tax as inequality widens, with average worker pay rising just 0.9% since 2019.

Demonstrators march and rally to mark International Workers' Day, also known as May Day, on May 1, 2023, in Los Angeles, California.
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Overview

  • The latest Oxfam and ITUC report reveals global average CEO pay reached $4.3 million in 2024, a 50% real-term increase since 2019.
  • Worker wages grew by only 0.9% over the same period, highlighting a stark disparity as CEO pay rose 56 times faster.
  • The report advocates for a 75% top income tax on the ultra-wealthy to address systemic inequality and wealth concentration.
  • U.S. tariffs, attributed to former President Donald Trump, are projected to reduce household disposable income by $1,600–$2,000 annually, exacerbating economic strain.
  • The corporate gender pay gap narrowed to 22% in 2023, yet women remain underrepresented in leadership roles, with fewer than 7% of CEOs being female globally.