How wide should income differentials be?
One of my passionate concerns is over inequalities in income, wealth and power – it shapes much of my political thought and aspirations. I’ve blogged before on the wide income differentials in British society – see here and here.
Of course, it would be ridiculous for all of us to be paid the same; we have different experience, skills, education and responsibilities. But how wide should the income gap be in a fair society?
I have no problem with some people being paid more, even a lot more, than the average. Say 10 times, 20 times, 30 times, 40 times.
But, according to a new report from research group Incomes Data Services, British boardroom pay rose by 55% in a year. The average FTSE 100 chief executive earned 4ドル.9 million last year, almost 200 times the average wage. Now that can’t be right or fair.
This entry was posted on Friday, October 29th, 2010 at 2:10 pm and is filed under British current affairs. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.