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Sunday, November 06, 2005

The fattest cats...ever!

Mirror article, based on an IDS report, showing that boardroom pay is now rising 300 times faster than shop-floor pay.

You can read TUC General secretary Brendan Barber's (understandably terse) reaction here.

Its no coincidence that the gap between boardroom and shop-floor pay, and between profits and shop has risen as union density has declined, and with it the ability of unions (and working people more generally), to hold companies and their directors to effective account.

And lets remember this boardroom excess is happening at the same time that Government and employers are insisting that people need to work even longer if they want to be assured of a decent pension...

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