Oxfam’s latest research says corporate America is fueling inequality
In a recently released research document, Oxfam stated that major United States companies contribute to global inequality.
The charity said, “The largest US corporations have been driving the inequality crisis, actively concentrating power and money in the hands of wealthy CEOs and shareholders while limiting the power of workers, influencing our politics, avoiding taxes, and accelerating climate change.”
Oxfam’s research document analyzes two hundred of the top United States public corporations across seventy-eight different indicators. The research reportedly shows that the companies assessed are:
Extracting more money for already wealthy shareholders
- Stiffing workers amidst corporate bonanzas
- Reinforcing gender and racial inequality in the workplace
- Worsening inequality through tax avoidance
- Deepening the political divide
- Putting profits over planet
The charity found that CEOs pay outstrips the wages of an average worker by 1500/1,