News

A new report by research and advocacy group Oxfam has highlighted the widening gap between CEO pay and worker wages globally, calling it a “grotesque spectacle” of inequality. According to the report, the average CEO pay in India has hit $2 million a year, while globally, CEO salaries have jumped by 50 per cent in real terms since 2019. In contrast, the average worker’s wages grew by just 0.9 percent over the same six-year period.

Oxfam’s findings show that billionaires earn more in an hour than most workers make in a year. Meanwhile, countries like Ireland and Germany lead the pack, with average CEO salaries of $6.7 million and $4.7 million respectively.

“This is a 50 per cent real-term increase from $2.9 million in 2019 (adjusted for inflation) — a rise that far outpaces the real wage growth of the average worker, who saw a 0.9 per cent increase over the same five-year period in countries where CEO pay data is available,” the analysis said.

In South Africa, CEOs earned an average of $1.6 million in 2024, while France, Spain, and South Africa saw real wage growth for workers at a meagre 0.6 percent last year.

Oxfam International Executive Director Amitabh Behar said, “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, funnelling wealth ever upwards while millions of working people struggle to afford rent, food and healthcare.”

Gender pay gap still wide

The report also noted slight progress in narrowing the global gender pay gap. Among 11,366 companies across 82 countries, the average gap shrank from 27 per cent to 22 per cent between 2022 and 2023.

Yet, on average, women in these corporations still effectively work without pay on Fridays, while their male counterparts are paid for the full week, the study said.

Billionaires gaining billions

In the past year, billionaires — many of whom are major shareholders in large corporations — added $206 billion in wealth, averaging $23,500 per hour. For perspective, that’s more than the global average yearly income of $21,000.

Rising risks: tariffs and trade tensions

The report also warned that new US tariffs, particularly under Donald Trump’s trade policies, may worsen global inequality. These measures could lead to job losses, higher prices for essential goods, and deepen poverty — especially in low-income countries.

As inequality deepens, Oxfam is calling for greater accountability from corporations, particularly in transparent wage reporting and closing gender pay gaps.

Discover the latest Business News, Budget 2025 News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

${res.must_watch_article[0].headline}

Stock Market Holiday MI vs RR Live Score Jammu Kashmir News Live GST Collections in April Heatwave in India Q4 Results 2025 Live Hit 3 Review JKBOSE 10th Result 2025 Kolkata News IPL Points Table 2025

Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups

Home Currencies Commodities Pre-Market IPO Global Market Bonds

Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance TrackerNew Fixed Deposits Fixed Deposit Comparison Fixed Income

Home MC 30 Top Ranked Funds ETFs Mutual Fund Screener

Income Tax Calculator EMI Calculator Retirement Planning Gratuity Calculator

Stock Markets

News18 Firstpost CNBC TV18 News18 Hindi Cricketnext Overdrive Topper Learning

About Us Contact Us Advisory Alert Advertise with Us SupportDisclaimer Privacy Policy Cookie Policy Terms & Conditions Financial Terms (Glossary) Sitemap Investors

You are already a Moneycontrol Pro user.