Thursday, 4 January 2018

Fat Cat Thursday

Kiss ass while you bitch
So you can get rich
While your boss gets richer off you

The dead Kennedy's certainly hit that nail on the head, you can work like a dog to make as much money as you like but at the same time you are making even more money for your boss which seems apt as today is Fat Cat Thursday or the day when the UK's top bosses will have made more money in 2018 than the typical worker can expect to earn over the entire year.
Dubbed Fat Cat Thursday, 4 January marks the day when the average pay of top executives has passed the median annual salary of £28,758.
What it shows is an excessive and unjustifiable gaps between the top and the rest of the workforce, the bosses pay 120 times the average workers salary despite the Prime Minister's proposed crackdown on boardroom excess.
The highest paid boss is Sir Martin Sorrell, chief executive of advertising giant WPP, on £48.1m and followed by Arnold Donald of cruise company Carnival on £22m and Rakesh Kapoor of consumer goods company Reckitt Benckiser, whose pay packet is £14.6m.
Frances O’Grady, the TUC general secretary, said it was: 'outrageous that bosses were picking up salaries that look like telephone numbers while workers were suffering the longest pay squeeze since Napoleonic times'.
The pay gap between employee and boss has tripled since 2000 and demonstrates just how out of control inequality in Britain has become and why the feeling of resentment between the rich at the top and the poor at the bottom is growing.

2 comments:

Keep Life Simple said...

well, pass a bunch of laws and create government branches to control how much everybody gets paid for stuff and how much everything costs. look how well it worked for the ussr, venezuela, cuba. not sure why china would shift toward capitalism since centralized control of business and economics works so well...

Falling on a bruise said...

Our government is extremely right wing therefore it won't do anything, they don't see anything wrong with massive inequality.