Top CEOs’ salaries rose by 9% in 2022 while employees suffered 3% pay cut | File PhotoTop CEOs globally, including India, received a real-term 9 per cent pay rise in 2022, while workers worldwide took a 3 per cent pay cut during the same period, a report showed on Monday. Around 150 of the top-paid executives in India received $1 million on average last year, a real-term pay rise of 2 per cent since 2021. One billion workers in 50 countries took an average pay cut of $685 in 2022, a collective loss of $746 billion in real wages, compared to if wages had kept up with inflation. They also continue to face gender-based discrimination, harassment, and less pay for work of equal value as men, the findings showed. "The only rise workers have seen is that of unpaid care work, with women shouldering the responsibility," Behar said.

Source: dna May 01, 2023 14:56 UTC