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2 clusters · 2 sources · 28 days · First seen · Last updated

Categories: BUSINESS

European corporate profit and wage gap

Entities: Mariana Mazzucato · European Trade Union Confederation (ETUC) · European Union · Esther Lynch

Overview

An Oxfam Intermón report in early July highlighted a widening pay gap and the climate impact of Europe’s largest firms. A later study covering the 300 biggest non‑financial European companies quantified the issue, showing that the share of net investment in total profit fell from 18.9 % to 7.4 % between 2000 and 2024, while dividends and share buybacks rose from 27 % to 68 % of profit. Corporate profits grew 151 % but average wages rose only 87 %. The research also noted that most firms that carried out restructurings continued to pay dividends, and that European states had provided roughly €3.5 trillion in public support. Trade‑union leaders warned that the profit‑distribution pattern was impoverishing the economy and called for higher investment, quality jobs and stronger wage growth.

Timeline

  1. about 11 hours ago

    [BUSINESS] 2 sources
    European Corporations' Profit Distribution Sparks Economic Concerns, Study Finds

    A study of Europe’s 300 biggest non‑financial firms finds profit increasingly funneled to shareholders while investment and wages lag, prompting ETUC to demand policies for quality jobs and higher investment.

  2. 28 days ago

    [BUSINESS] 3 sources
    Oxfam Intermón report highlights widening pay gap and climate impact of Europe's biggest firms

    Oxfam Intermón reports European giants paid CEOs up to 119 times workers, widened gender pay gaps and produced 26 % of global emissions in 2024, urging fair wages and a just green transition.

Sources

kauno.diena.lt · lpsk.lt