Quote:
Originally Posted by Osem
It's a hard one because upping wages at the bottom without giving roughly equivalent rises particularly to those just above the living wage threshold probably won't go down well. I recall many a strike called due to eroded pay differentials and although I don't see that happening again I do feel a lot of people will feel aggrieved that they've quite possibly worked for the company longer and suddenly find they're earning little more than newcomers.
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Well no-one that I'm aware of took action when those at the very top of FTSE 100 companies went from 'earning' 50-60 times the 'average' salary in the company to 160 times and rising, so who knows?
If companies can afford to pay the CEOs in some cases over 1,000 times the median UK wage, in the case of Tesco a mere ~900 times the average Tesco worker's wage, I'm sure they can afford to pay those at lower levels some more.
JP Morgan that well known house of communism reckon a ratio of ~1:20 is more reasonable.