Top CEOs got a real-term 9% pay rise in 2022 while workers worldwide took a 3% pay cut
Image
Authors: Oxfam International
Publication date:
Content sections
In West Africa, the minimum wage fell on average by 11% in real terms (adjusted for inflation) in 2022 compared to 2021 and by up to 18% in Nigeria. Throughout Sub-Saharan Africa, minimum wages fell by 6% in real terms over the last year.