Salaries fell 5.5% in 2022 and dividends from listed companies rose 27%, according to Oxfam

MADRID, 1 May.

Salaries fell 5.5% in 2022 and dividends from listed companies rose 27%, according to Oxfam


The salary of Spaniards fell by 5.5% in 2022, the equivalent of almost 11 days of work, while the dividends of listed companies increased by 26.8% compared to the previous year, to around 26,000 million euros, according to the analysis carried out by Oxfam Intermón on the occasion of International Labor Day.

The study puts on the table that salaries in Spain have increased less than in the rest of the main economies, causing Spanish employees to lose an average of 1,523 euros in purchasing power in 2022.

Oxfam Intermón has explained that this reality, that of the loss of purchasing power, contrasts with the "bulky" profits obtained by large companies in 2022, which in turn help explain the "strong rise in prices that punishes people workers and families.

Additionally, a worker in Spain needed more than 147 years in 2021 to reach the average annual remuneration of an Ibex 35 executive director, that is, more than four working lives.

Looking at the data for 2022, Oxfam Intermón has assured that "this gap has only been able to get worse" as a result of the increase in business margins experienced by companies during the price crisis.

For its part, the salary of workers fell by 3.19% in the world in 2022, to 685 dollars per worker (623.93 euros), according to Oxfam Intermón.

This analysis details that the average wage cut of 1,000 million workers from 50 countries represents a joint loss of 746,000 million dollars (679,084.40 million euros), compared to what they would have earned if wages had grown at the same rate as inflation.

By geographical area, the wages of Brazilian workers decreased by 6.9% in 2022, while in the United States and the United Kingdom the average cut was 3.2% and 2.5%, respectively. By contrast, in these two countries senior executive salaries increased by 9% in real terms (16% without adjusting for inflation).

Oxfam Intermón has denounced that "exorbitant payments to shareholders benefit the richest in society, exacerbating inequality."

Specifically, the analysis shows that in Spain, 86 of every 100 euros distributed as dividends and other financial returns end up in the hands of just 10% of the population, while in the United States, the richest 1% owns 54%. of all shares held by households.

Similarly, in South Africa, 95% of bonds and shares in large companies are held by the richest 1% of the population, and 62.7% belong to the richest 0.01%.