salaries

Chief executives of the world’s largest corporations enjoyed a 11 percent real-terms pay hike last year, while the average global worker saw real wages increase by just 0.5 percent, reveals new analysis by the ITUC and Oxfam ahead of International Workers’ Day (1 May).

Average global CEO pay hit $4.3 million in 2024, reveals new analysis from Oxfam ahead of International Workers’ Day (1 May). This is a 50 percent 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 percent increase over the same five-year period in the countries where CEO pay data is available.

This statement was read by Shane Stevenson, Oxfam’s Country Director in Yemen, on behalf of Oxfam and 21 other international NGOs currently working in Yemen.

INGOs are delivering life-saving humanitarian assistance to millions of vulnerable Yemenis, despite the complex and serious nature of the security situation and sustained bureaucratic access constraints.