Despite the increasing wage disparities and the unfair distribution of resources in many organizations, there have not been enough academic explorations into the role of these contextual variables on dehumanization processes and psychosocial risk factors among employees. This project addresses how perceptions of economic inequality and unfairness in the distribution of resources can influence individuals’ perceptions of dehumanization and self‐objectification, and trigger detrimental consequences in the workplace. Using two correlational surveys in different cultural contexts (N = 748), and two experimental studies (N = 662), this research consistently shows that both high inequality and high unfairness perceptions decrease job satisfaction and dignity at work through dehumanization processes. Specifically, both inequality and unfairness increase perceived organizational dehumanization, which in turn increases participants’ self‐objectification. Self‐objectification is associated with lower job satisfaction and dignity at work. This paper discusses the consequences of economic disparities on individuals’ recognition of their own humanity.