FTSE 100 chief executives are paid £3.4m on average,
OK, there’re 100 of them. £340 million.
There are 30 million (-ish, -ish) workers in the UK with median pay at £33,000.
So, confiscate all that cash from the CEOs and each worker gets £11 a year. A year. 0.6 pence and hour, which I think we’ll all agree is a massive amount.
At which point the High Pay Commission says:
“The UK economy really cannot afford for such a big share of the wealth that is created by all workers to be captured by such a tiny number of people at the top. To address declining living standards for the majority, we need measures to balance the distribution of incomes more evenly.”
Ignorant sodding tossers who simply have no idea of numbers at all.
We can also do this another way. It’s not wealth, it’s incomes. All incomes are, by definition, equal to GDP. Which is £2.2 trillion or -ish. So, CEOs get 0.015% of national income.
“Big share” eh?