The Equality Trust published an analysis on top earnings. It reveals that CEOs in the top 100 companies pocket an average of £5.3m each year, or 386 times that of a worker earning the National Living Wage. Over two thirds (67%) of FTSE 100 CEOs are paid more than 100 times the average UK salary. Ninety per cent of FTSE 100 CEOs are paid at least 100 times more than the National Living Wage. The analysis comes at a moment where research has shown that a combination of rising inflation and pay restraint means that average real pay is falling in the public sector, and is expected to continue falling over the next three years. Forecasts suggest that average real pay in the public sector will fall back below 2004-05 levels by the end of the parliament (2019-20).
English: https://www.equalitytrust.org.uk/uk ...
The analysis: https://www.equalitytrust.org.uk/sites/default ...
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.eu. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.
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