2020-2023 Australian dividend payouts to shareholders grew six times faster than worker pay, with average real wages falling by 6%.
Oxfam's analysis reveals that Australian dividend payouts to shareholders grew six times faster than worker pay between 2020 and 2023, with dividend payments rising 37% while average real wages fell by 6%. The trend of rising dividends payouts is concerning regarding inequality, as corporate profits and payouts to rich shareholders increase while wages stagnate. Oxfam calls for governments to cap payouts to shareholders, support trade unions, and legislate for living wages.
April 30, 2024
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