Oxfam America: Global Dividend Payouts to Shareholders Rise 14 Times Faster Than Worker Pay Since 2020
May 02, 2024
May 02, 2024
BOSTON, Massachusetts, May 2 (TNSres) -- Oxfam America issued the following news release:
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* Global dividend payouts to rich shareholders jumped by 45 percent in real terms between 2020 and 2023, while workers' wages rose by just 3 percent.
* The richest 1 percent, simply for owning stock, pocketed on average $9,000 in dividends in 2023 -it would take the average worker eight months of hard work to earn this much in wages.
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. . .
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* Global dividend payouts to rich shareholders jumped by 45 percent in real terms between 2020 and 2023, while workers' wages rose by just 3 percent.
* The richest 1 percent, simply for owning stock, pocketed on average $9,000 in dividends in 2023 -it would take the average worker eight months of hard work to earn this much in wages.
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