{"id":31836,"date":"2018-10-29T11:29:16","date_gmt":"2018-10-29T05:59:16","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=31836"},"modified":"2018-10-29T11:29:16","modified_gmt":"2018-10-29T05:59:16","slug":"indians-feel-ceos-should-be-paid-less","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/indians-feel-ceos-should-be-paid-less\/","title":{"rendered":"Indians feel CEOs should be paid less"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/business\/Industry\/indians-feel-their-ceos-should-take-a-60-salary-cut-report\/article22490270.ece\"><b>Indians feel CEOs should be paid less<\/b><\/a><\/p>\n<p><b>Context:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Oxfam\u2019s report titled \u2018Reward Work, Not Wealth\u2019 found that the richest 1% in the world owns more wealth than the whole of the rest of humanity.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"> 82% of all growth in global wealth in the last year went to the top 1%, while the bottom half of the world\u2019s population saw no increase at all.<\/span><\/li>\n<\/ul>\n<p><b>What are the findings of the Oxfam\u2019s report?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">According to report, <\/span><b>the richest 1% in India accounted for 73% of the wealth generated<\/b><span style=\"font-weight: 400;\"> in the country last year.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The wealth of <\/span><b>India\u2019s richest 1% increased by over 20.9 trillion during 2017<\/b><span style=\"font-weight: 400;\"> which is an amount equivalent to the <\/span><b>total budget of the Central government in 2017-18<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Across all countries, respondents think <\/span><b>CEOs should on average take a 40% pay cut<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In countries like the <\/span><b>U.K., U.S. and India, respondents think CEOs should take a 60% pay cut<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Because, CEOs in India earn a shocking <\/span><b>483 times more salary<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It has been further calculated that approximately <\/span><b>two-thirds of billionaire wealth is the product of inheritance, monopoly and cronyism<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In countries like India and the Philippines, at least one <\/span><b>in every two workers in the garment sector are paid below the minimum wage.<\/b><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Indians feel CEOs should be paid less Context: Oxfam\u2019s report titled \u2018Reward Work, Not Wealth\u2019 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&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/indians-feel-ceos-should-be-paid-less\/\">Continue reading <span class=\"screen-reader-text\">Indians feel CEOs should be paid less<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-31836","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704930154},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/31836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=31836"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/31836\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=31836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=31836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=31836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}