Tough at the top? Executive pay now 180 times the average
Top executives are pulling away from the rest of us, according to a new report.
Top executives are pulling away from the rest of us, according to a new report.
Incomes in the West Midlands are significantly lower than in the poorest regions of Germany, France, Belgium, Austria, Denmark, Sweden and Finland.
The richest 1 or 2 per cent are becoming increasingly removed from everybody else.
New polling found that 76 per cent of voters think big businesses has too much power over the government, reports Luke Hildyard.
Capitalism’s legitimacy will disintegrate if a tiny elite are allowed to capture the rewards of growth for themselves.
Strikes, work-related illnesses and staff turnover are more common in organisations with bigger gaps between the highest and lowest earners.
This weekend Swiss voters rejected a referendum proposal to cap pay for top bosses at 12 times the pay of their lowest-paid employees.
On Friday, the Daily Telegraph published an article by Fraser Nelson arguing, essentially, that we should not make a fuss about the rise of the super-rich.
So it is not the acquiescence of the general population that enables executive pay and levels of inequality to keep increasing. It is the greed of the executives themselves, and their cosiness with a government too weak to take them on.
The defining societal trend in the UK over the past 30 years has been the growth in inequality, with an ever higher share of the national income captured by a wealthy elite, while the wages of ordinary working people stagnate. Redressing the balance need not come at a cost to enterprise.