| Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Meantime back on Earth... | |
| Posted by: | Guy Lambert | |
| Date/Time: | 19/08/14 17:18:00 |
| I wouldn't disagree, Will, but there is pretty obviously a political choice being made as to what is acceptable. In a rich country such as this one it seems to me to be unreasonable that we accept for people to be paid less than the (independently assessed) living wage, which at around £17K pa in London is not exactly the life of Riley. I wouldn't argue against people in top leadership jobs being well rewarded but 47 times average workers' pay, which FTSE CEOs received in 1998, seems pretty handsome. Last year, they received 174 times average workers' pay. In the interim, the value of the companies they lead has not kept pace with inflation. Last year, when average wages went up about 1% on a generous interpretation, FTSE CEOs copped a rise of ~15%. No doubt somebody will say this is the politics of envy. Wrong. I would simply argue that we should organise our society in a more equitable manner. |