Economy FTSE 100 Bosses are paid more in three days than the average UK Annual Salary.

[650lb Sumo]

FTSE 100 chiefs paid more in three days than average UK yearly wage, study says

Thinktank says analysis shows ‘obscene levels of pay inequality’ and calls for workers to be given places on company boards

www.theguardian.com

The bosses of Britain’s biggest companies will have made more money in 2024 by Thursday lunchtime than the average UK worker will earn in the entire year, according to analysis of vast pay gaps amid strike action and the cost of living crisis.

The High Pay Centre, a thinktank that campaigns for fairer pay for workers, said that by 1pm on the third working day of the year, a FTSE 100 chief executive will have been paid more on an hourly basis than a UK worker’s annual salary of £34,963, based on median average remuneration figures for both groups.

Paul Nowak,

the general secretary of the TUC, the umbrella body for UK trade unions, said: “While working people have been forced to suffer the longest wage squeeze in modern history, City bosses have been allowed to pocket bumper rises and bankers have been given unlimited bonuses.”

Nowak blamed politicians for allowing the gap between bosses’ and workers’ pay to increase. “The Conservatives are presiding over – and enabling – obscene levels of pay inequality,” he said. “It doesn’t have to be this way. We need an economy that rewards work – not just wealth."

 

[Siver!]

NO PROBLEM THEY EARNED IT

 

[CantCucktheTuck]

They should be

 

[curryjunkie]

NO PROBLEM THEY EARNED IT

See below..

 

[650lb Sumo]

Capitalism rewards hard work and gumption!

 

[Wadtucket]

Good.

You sound poor

 

[Siver!]

They should be

You must be a big fan of Xi Jinping.

 

[N13]

Slavelandia

 

[Michaelangelo]

So 10k a day?

Pretty good

 

[650lb Sumo]

World’s five richest men double their money as poorest get poorer

Oxfam predicts first trillionaire within a decade, with gap between rich and poor likely to increase

www.theguardian.com

The world’s five richest men have more than doubled their fortunes to $869bn (£681.5bn) since 2020, while the world’s poorest 60% – almost 5 billion people – have lost money.

The details come in a report by Oxfam as the world’s richest people gather from Monday in Davos, Switzerland, for the annual World Economic Forum meeting of political leaders, corporate executives and the super-rich.

The yawning gap between rich and poor is likely to increase, the report says, and will lead to the world crowning its first trillionaire within a decade. At the same time, it warns, if current trends continue, world poverty will not be eradicated for another 229 years.

Highlighting a dramatic increase in inequality since the Covid pandemic, Oxfam said the world’s billionaires were $3.3tn (£2.6tn) richer than in 2020, and their wealth had grown three times faster than the rate of inflation.

The world’s richest 1% own 59% of all global financial assets – including stocks, shares and bonds, plus stakes in privately held business. In the UK, the richest 1% own 36.5% of all financial assets, with a value of £1.8tn.

 

[SakurabasEar]

But you guys all have smart phones, stop complaining, work harder at manufac... I mean service jobs...

Just work harder okay.

 

[The Big Yin]

The top 100 multinational companies on the entire planet pay their top person an obscene amount of money, from their own profits....no way!

They should use government regulation to fix that

 

[no fat chicks]

Some folks think having a new unelected ruling class is a good thing.

 

[Belaya Smert]

Eventually the disparity will be too great and the poors will revolt.