Have you ever wondered how long it would take a CEO to make the UK’s average yearly salary?
High Pay Day marks the moment at the start of the year when median pay for a FTSE 100 CEO surpasses the median annual wage of a worker in the UK. This year it took just 30 hours. Last year, following the grind of a global pandemic, it arrived a little later on the 7 January at 9am.
Businesses and the general population alike suffered hefty financial burdens in the wake of COVID. What sets this year apart, is that despite having learned the crucial value of key workers (children in schools, mail delivered, food and goods transported) many of those key workers are currently involved in protracted and knotty strike action over real terms pay cuts. Meanwhile, CEO pay has risen and can be anywhere between 12 to 14,000 times what … Read more