A report by Oxfam and the International Trade Union Confederation has found that CEO pay has increased 20 times faster than workers' wages in 2025, according to Oxfam. The report, based on data from the S&P Capital IQ database, the Federal Reserve, and the Bureau of Labor Statistics, found that the average hourly wage for American private sector workers grew by only 1.3% from 2024 to 2025, compared to earnings for CEOs in the 384 CEOs out of which the data is available increased by 25.6%. CEO pay is an average of 281 times more than the typical worker, with CEOs earning an average total of $22.98 million in 2025. Patricia Stottlemyer, labor rights policy lead for Oxfam America, suggests effective labor policies to raise the minimum wage and tax the ultra rich. The purchasing power of the federal minimum wage has decreased by almost 21% since 2019.