UNION

It could take you 321 years to earn the average fat cat's annual salary

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04 Jan 2019
Press Office

Press Office

It's time for action on CEO pay. Figures show it would take minimum wage workers 321 years to earn the average yearly pay of fat cat bosses.

Even workers earning the average wage would have to graft for 133 years to take home what top chief executives FTSE100 companies take home in just 12 months.

The average woman worker would have to clock on for more than 146 years to match big wig’s £1,000 an hour pay.

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The figures have been released by the High Pay Centre and the Chartered Institute of Personnel and Development today to highlight Fat Cat Day - when the UK’s top bosses will have made more money than the typical UK full-time worker will earn in the entire year.

Chief Exec pay has rocketed 11% this year meaning the average FTSE 100 CEO only needs to work until 1pm today earn the same amount as the average UK worker. 

It’s sickening. Three days into the year and fat cat bosses have already made what average workers will earn all year.

Tim Roache, GMB General Secretary

It’s not fair, and it makes no sense in how we value people’s contribution to society and it makes no sense for the economy - I don’t know any care workers who squirrel their wages away in off shore accounts, they spend it in their local areas and on paying their bills. 

We need action now - a better living wage and an end to government hamstringing trade unions who for generations have delivered better pay, terms and conditions for members.

 
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