For the average executive to have earned the equivalent of a worker’s average annual salary by 4 January is surely testament to an unimaginable amount of hard work and graft. The salary of the average FTSE chief executive is the same as that of 386 Britons on minimum wage combined. It is not a trend restricted to Britain, of course: US top bosses earn 312 times the average worker’s wage. We are indoctrinated to believe that the booming paypackets of the boss class are down to their get-up-and-go, their innovation, their phenomenal hard work. This is the wealth collectively produced by the hard effort of millions of people, who labour by hand or by brain.

Source: The Guardian January 04, 2019 10:49 UTC