Friday, January 04, 2019

Fat Cat Friday

"Today's #FatCatFriday - when the typical FTSE100 CEO has already earned the average wage for a whole year. 

While greedy execs sit on piles of cash, thousands of families struggle to make ends meet due to rising insecure work and draconian conditions. 

We need radical change".

What a sick society we live in, with a few who are paid enormous amounts of money and the many who exist on poverty pay. There is no justification whatsoever for such pay disparity. 

Unless it is reversed the future of our Country is frankly very bleak. Brexit was indeed caused by many working class people feeling betrayed over continual pay cuts, insecure contracts and rubbish housing. 

Post Brexit: Unless income inequality is reversed in this country then anything can happen. All bets are off. 

Check out some of the solutions below :-

Rebecca Long-Bailey MP, Labour’s Shadow Business Secretary, commenting on ‘Fat Cat Friday’, said:
“The fact that top bosses will have earnt the annual salary of an average worker in just the first four days of January epitomises how disgracefully skewed our corporate culture has become in some circles.
“The Tories have done nothing to address such blatant inequality and they continue to push real aspiration further and further from the grasp of the majority of people in Britain.
“The next Labour Government will tackle rampant pay inequality with a real living wage of at least £10 per hour, with an excessive pay levy, and by rolling out maximum pay ratios of 20:1 in the public sector and in companies bidding for public contracts.”
Picture MorningStarOnLine. 

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