Indians feel CEOs should be paid less |ForumIAS

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Context:

Oxfam’s report titled ‘Reward Work, Not Wealth’ found that the richest 1% in the world owns more wealth than the whole of the rest of humanity.
82% of all growth in global wealth in the last year went to the top 1%, while the bottom half of the world’s population saw no increase at all.

What are the findings of the Oxfam’s report?

According to report, the richest 1% in India accounted for 73% of the wealth generated in the country last year.
The wealth of India’s richest 1% increased by over 20.9 trillion during 2017 which is an amount equivalent to the total budget of the Central government in 2017-18.
Across all countries, respondents think CEOs should on average take a 40% pay cut.
In countries like the U.K., U.S. and India, respondents think CEOs should take a 60% pay cut.
Because, CEOs in India earn a shocking 483 times more salary.
It has been further calculated that approximately two-thirds of billionaire wealth is the product of inheritance, monopoly and cronyism.
In countries like India and the Philippines, at least one in every two workers in the garment sector are paid below the minimum wage.