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"It is dawning on people at the top that things need to change. Brexit was the first demonstration by the people that things like this can't continue and there will be many more" By what mechanism do we limit chief executive pay or increase the corporate tax take whilst trying to encourage them to expand into the UK rather than anywhere else? | |||
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"We could limit executive pay to a multiple of the average pay in the company. That wouldn't stop executives giving themselves nice bonuses, they just have to give everyone else a bit of a one too." Except they would outsource the low paid jobs to increase the average salary of those left. | |||
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"We could limit executive pay to a multiple of the average pay in the company. That wouldn't stop executives giving themselves nice bonuses, they just have to give everyone else a bit of a one too. Except they would outsource the low paid jobs to increase the average salary of those left." Although I agree with this as a theme. What amazes me is that we went through several decades when regulation was not necessary to achieve fairness. Perhaps WW2 led to a far greater feeling of solidarity? The welfare state and the NHS were not fought against as they would have been in the past and they would be if introduced now. There's not much left of the sporit of the generation that tore itself to pieces then managed to construct something better out of the ashes. This side of the iron curtain at least... | |||
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"We could limit executive pay to a multiple of the average pay in the company. That wouldn't stop executives giving themselves nice bonuses, they just have to give everyone else a bit of a one too. Except they would outsource the low paid jobs to increase the average salary of those left. Although I agree with this as a theme. What amazes me is that we went through several decades when regulation was not necessary to achieve fairness. Perhaps WW2 led to a far greater feeling of solidarity? The welfare state and the NHS were not fought against as they would have been in the past and they would be if introduced now. There's not much left of the sporit of the generation that tore itself to pieces then managed to construct something better out of the ashes. This side of the iron curtain at least..." Yep, several decades from the end of WW2 of an innate sense of fairness. You could say that sense of fairness was an inherent part of our culture, and was with us for 30 years after the end of WW2. And this fairness ran right through society, led generally by successive governments. Not sure what major political shift happened in the mid seventies to change this sense of fairness, nor what has happened over the last 40 odd years to rip it out of our culture.....  | |||
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"Top bosses will have earned more by midday on Wednesday than typical workers earn in the entire year http://www.bbc.co.uk/news/business-38498003 How does Brexit help this?" How would staying in the EU help this? | |||
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"We could limit executive pay to a multiple of the average pay in the company. That wouldn't stop executives giving themselves nice bonuses, they just have to give everyone else a bit of a one too. Except they would outsource the low paid jobs to increase the average salary of those left. Although I agree with this as a theme. What amazes me is that we went through several decades when regulation was not necessary to achieve fairness. Perhaps WW2 led to a far greater feeling of solidarity? The welfare state and the NHS were not fought against as they would have been in the past and they would be if introduced now. There's not much left of the sporit of the generation that tore itself to pieces then managed to construct something better out of the ashes. This side of the iron curtain at least... Yep, several decades from the end of WW2 of an innate sense of fairness. You could say that sense of fairness was an inherent part of our culture, and was with us for 30 years after the end of WW2. And this fairness ran right through society, led generally by successive governments. Not sure what major political shift happened in the mid seventies to change this sense of fairness, nor what has happened over the last 40 odd years to rip it out of our culture..... "Thatcher? -Matt | |||
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"We could limit executive pay to a multiple of the average pay in the company. That wouldn't stop executives giving themselves nice bonuses, they just have to give everyone else a bit of a one too. Except they would outsource the low paid jobs to increase the average salary of those left. Although I agree with this as a theme. What amazes me is that we went through several decades when regulation was not necessary to achieve fairness. Perhaps WW2 led to a far greater feeling of solidarity? The welfare state and the NHS were not fought against as they would have been in the past and they would be if introduced now. There's not much left of the sporit of the generation that tore itself to pieces then managed to construct something better out of the ashes. This side of the iron curtain at least... Yep, several decades from the end of WW2 of an innate sense of fairness. You could say that sense of fairness was an inherent part of our culture, and was with us for 30 years after the end of WW2. And this fairness ran right through society, led generally by successive governments. Not sure what major political shift happened in the mid seventies to change this sense of fairness, nor what has happened over the last 40 odd years to rip it out of our culture.....
Thatcher?
Absolutely .
People on the lower end of the pay scale are just a bussiness cost and not an asset.
They get rid of staff the same as they change material suppliers.
little notice and bye bye .
-Matt" | |||
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"Top bosses will have earned more by midday on Wednesday than typical workers earn in the entire year http://www.bbc.co.uk/news/business-38498003 How does Brexit help this? How would staying in the EU help this? " I believe that there have been several threads where the need for international cooperation to achieve this was discussed. The EU has moved against unfair tax deals when NOT blocked by individual states. The UK is not likely to tighten regulation of it is on its own and trying to attract and retain large corporations. Your turn. | |||
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"Top bosses will have earned more by midday on Wednesday than typical workers earn in the entire year http://www.bbc.co.uk/news/business-38498003 How does Brexit help this? How would staying in the EU help this? I believe that there have been several threads where the need for international cooperation to achieve this was discussed. The EU has moved against unfair tax deals when NOT blocked by individual states. The UK is not likely to tighten regulation of it is on its own and trying to attract and retain large corporations. Your turn." The last 40 years of EU membership has seen the gap between rich and poor get bigger in this country. CEO pay has sky rocketed while those on the lower rungs have been kept on minimum wage. There is nothing to suggest that would change with continued membership of the EU. | |||
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"The last 40 years of EU membership has seen the gap between rich and poor get bigger in this country. CEO pay has sky rocketed while those on the lower rungs have been kept on minimum wage. There is nothing to suggest that would change with continued membership of the EU." That wasn't actually the question was it? How will Brexit help? Give me a logic path. | |||
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"Any suggestions then? How does Brexit help reduce the wealth gap?" Well staying in will not change that either, the old boys look after the other old boys | |||
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"Top bosses will have earned more by midday on Wednesday than typical workers earn in the entire year http://www.bbc.co.uk/news/business-38498003 How does Brexit help this?" These are the salaries paid to a very small number of directors in large plcs . In most cases the Directors will have given their lives to the company and you do not end up it such a position unless you are exceptionally talented . Directors renumeration is vetoed by shareholders and should have nothing to do with the government . I would be much more concerned with the underlying performance of the company , not what the Directors earn. In any event it is the shareholders who should make the decision , not the government . | |||
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"We could limit executive pay to a multiple of the average pay in the company. That wouldn't stop executives giving themselves nice bonuses, they just have to give everyone else a bit of a one too." The solution is simple . Anyone who thinks that they are underpaid can just walk out of their job and work elsewhere . It is simply impossible to be underpaid.. | |||
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"Top bosses will have earned more by midday on Wednesday than typical workers earn in the entire year http://www.bbc.co.uk/news/business-38498003 How does Brexit help this? These are the salaries paid to a very small number of directors in large plcs . In most cases the Directors will have given their lives to the company and you do not end up it such a position unless you are exceptionally talented . Directors renumeration is vetoed by shareholders and should have nothing to do with the government . I would be much more concerned with the underlying performance of the company , not what the Directors earn. In any event it is the shareholders who should make the decision , not the government . " It's a sellers market.. The big companies want the big hitters, the mena and women that have made a name for themselves by turning a business around or doubling the income. Those people get head hunted and can demand big bucks.. It's the sad fact of capitalism. | |||
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Twat regardless. | |||
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" It's a sellers market.. The big companies want the big hitters, the mena and women that have made a name for themselves by turning a business around or doubling the income. Those people get head hunted and can demand big bucks.. It's the sad fact of capitalism." That assumes that the high pay correlates with performance. That does not appear to be the case: https://www.google.co.uk/amp/s/amp.theguardian.com/business/2016/dec/27/negligible-link-between-executive-pay-and-firms-performance-says-study | |||
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" It's a sellers market.. The big companies want the big hitters, the mena and women that have made a name for themselves by turning a business around or doubling the income. Those people get head hunted and can demand big bucks.. It's the sad fact of capitalism. That assumes that the high pay correlates with performance. That does not appear to be the case: https://www.google.co.uk/amp/s/amp.theguardian.com/business/2016/dec/27/negligible-link-between-executive-pay-and-firms-performance-says-study " No one said it was proportional.. But then greed never is. Housing market is the same and the fundamental of human nature is greed.. Or as we like to sugar coat it, "making a better life for ourselves" Houses that were worth 60k 25 years ago are only worth the 500k price tag now because people will pay the continually increasing price tag that unscrupulous (and that's all of them) estate agents want to charge. If you was told your house was worth 500k, you'd put it on the market for 520k and accept 510k. Likewise, someone good at a job can command high wages and every time they move on (every 5 to 7 years usually) so their wage increases disproportionately. It's a world of the haves and have nots, it always has been that way, the only thing that ever really levels the playing field is war.. To be honest, I'd rather put up with a few fat cats than suffer what my grandparents went through in Ww2... | |||
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