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Emeritus Prof Christopher May
@ChrisMayLA6@zirk.us  ·  activity timestamp 4 months ago

One simple metric of inequality in the UK:

in 1980 the ration of median FTSE100 CEO pay to median UK wages was: £1 - £11;

In 2022 it had become £1 - £118.

I think it's safe to say that is not commensurate with the improvement in the conduct & success of the top management of UK corporations; nor, should it be said, a fall in the contribution to the UK economy of the work of the general population.

The rentiers (as we know) have stolen our wages.

#inequality #economics #corporations
h/t FT

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