"There can be no justification for astronomical pay for a tiny elite while the majority of people are struggling to get by. A mandatory limit on the difference in pay across every organisation would begin to reverse this rising inequality. [1] That is why the Green Party would not only institute a legally-binding requirement for fair pay, but would also require all large and medium size companies to carry out equal pay audits and redress gender and other pay gaps." The median pay for FTSE 100 CEOs stands at over £800 per hour while many working families are facing a choice between eating or heating this winter. [2] The cost of living crisis for ordinary people has been worsened by pay cuts and redundancies brought on by the pandemic [3], yet FTSE 100 CEOs are seeing their pay rise according to the High Pay Centre.

Source: The Guardian January 07, 2022 05:06 UTC