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    The widening gulf between fat-cat and worker's wages

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    papa_umau
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    The widening gulf between fat-cat and worker's wages

    Post by papa_umau on Thu 03 Aug 2017, 11:47 am

    Executive wages may have fallen, but the case for pay ratios is even stronger

    It’s amazing: the fat cats of the FTSE 100 survived on smaller helpings of cream last year.

    Chief executives saw their average pay decline from £5.4m to £4.5m in 2016, a drop of 17%, according to calculations by personnel body CIPD and the High Pay Centre.

    On a rough estimate, the bosses collected “only” 129 times the average earnings of their employees, down from 145 times in 2015.

    Actually, this finding is remarkable only in one way: it happened in a year in which share prices, which affect the value of stock-based incentive packages, were strong.

    But take a wider perspective to understand why companies may have decided that 2016 was a good moment to take the foot off the pay accelerator.

    Read the full story from The Guardian HERE




    While there are no doubts about the fact that even 129 times the average earnings is still outrageous, we must see a decent rise in ordinary workers wages very soon.

    As inflation begins to rise, every day we see the wages in our pockets devalued more and more.

    Any opinions on this would be valued.


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    zathrus
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    Re: The widening gulf between fat-cat and worker's wages

    Post by zathrus on Fri 04 Aug 2017, 11:23 am

    Has it not always been like that ?

    When we get a rise in pounds, they get their rises in thousands of pounds.

    Now that they are "suffering" a slow down in pay escalation, ours have been stopped for three years.

    It's just not right.  Evil or Very Mad
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    papa_umau
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    Re: The widening gulf between fat-cat and worker's wages

    Post by papa_umau on Sat 05 Aug 2017, 11:29 am

    ONLY 129 times the wages of the ordinary worker, and THAT is a cut ??

    These peoples are so used to getting these outrageous remuneration amounts that they think it is normal.

    It is now well past time that the ordinary wages went up by double numbers of percentages, instead of no amounts or by less than one percent.


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    Angie baby
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    Re: The widening gulf between fat-cat and worker's wages

    Post by Angie baby on Sun 06 Aug 2017, 12:14 pm

    As a public sector worker, nobody knows better than me that our wages have been held down for a very long time.

    Here is a quote from The Guardian about this:

    "Median hourly earnings of public sector workers dropped in real terms by almost 6% between 2005 and 2015, with some sectors experiencing worse drops than others.
    Teachers have seen average pay fall by £3 an hour in real terms, police officers by £2 and prison officers by £1, while the wages of nurses have stagnated during a decade of public sector salary freezes, according to a report commissioned by the Office of Manpower Economics, which supports the independent bodies making recommendations on public sector pay. "

    And here is the link to the full story: 
    https://www.theguardian.com/society/2017/jul/04/harder-work-for-less-money-public-sector-workers-on-the-pay-cap

    .......................................................................

    The fat-cats can afford to lose a few thousands from their many thousands of pounds of a salary, but  as seen by the street protests the ordinary people can NOT.

    (BTW Papa.... I like the new software on ROB that automatically carries the links with the copy and paste actions. Very clever. )
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    papa_umau
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    Re: The widening gulf between fat-cat and worker's wages

    Post by papa_umau on Mon 07 Aug 2017, 11:23 am

    Hi Angie. Well spotted about the new software.

    I must admit that I had nothing to do with it, it was just an upgrade done by Forumotion.

    Anyway, thanks very much for the thoughtful and well-produced posting, as usual..


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    Re: The widening gulf between fat-cat and worker's wages

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