Rich get richer, poor get poorer in Britain


This video from Scotland says about itself:

21 June 2013

Scotland’s wealthiest households are 273 times better off than the most deprived, according to a report claiming the gap between rich and poor is widening.

Another video from Scotland used to say about itself:

Scottish males die many years earlier, rich are getting richer, poor are getting poorer…. while the UK remains the 5th biggest economy in the world.

The “New Labour” project is failing ordinary people by following the big business capitalist agendas, whose grip over democracy is ever growing

From British daily The Guardian:

The boardroom bonanza

· Directors’ pay up 37%
· Bosses earn almost 100 times more than staff
· Average CEO received £2.9m

Julia Finch, city editor

Wednesday August 29, 2007

Boardroom pay at the UK’s top companies soared 37% last year as full-time directors were rewarded with inflation-busting increases in basic salaries, big cash bonuses and substantial payouts from share schemes.

The surge in pay, which takes the average total pay for a chief executive to £2,875,000, is more than 11 times the increase in average earnings and nearly 20 times the rate of inflation as measured by the consumer price index. The ratio between bosses’ rewards and employees’ pay has risen to 98:1, up from 93:1 a year ago – meaning that the work of a chief executive is valued almost 100 times more highly than that of their employees.

Bosses’ versus workers’ pensions in Britain: here.

Not only is there a big gap in Britain between bosses and workers; even among bosses there is a gap. A gap between men and women:

The pay gap between men and women is as wide in the boardroom as it is lower down the company, reinforcing the glass ceiling barring equal opportunities.

The only two women heading any of Britain’s top 100 companies saw their total salary last year lag 75% and 25% behind the average paid to their male counterparts, according to the Guardian pay survey. There were 16 women executives at the top level last year – four more than 12 months earlier but still a tiny fraction of a total of 527.

See also here. And here.

Female scientists, engineers earn less than male peers in Canada: here.

Gender Pay Gap Stuck at 16% Worldwide: New ITUC Report: here.

Britain: ETHNIC minorities might never be properly represented in the workplace, especially in management jobs, according to a shocking new report on Wednesday.

The rich get richer in the USA: see here.

The poor get poorer in the USA: here.

The reproduction of the class system in the United States: here.

The debate in Germany over executive compensation and the minimum wage: here.

US mayors’ report: Hunger and homelessness intensify in US cities: here.

2 thoughts on “Rich get richer, poor get poorer in Britain

  1. IBON Media Release / December 12, 2007

    RICH-POOR GAP REMAINS HIGH –IBON

    The National Statistical Coordination Board (NSCB) this week claimed that the country’s rich-poor gap was narrowing, citing the thinning ratio between the incomes of the top 30% and the bottom 30% of Filipino families. But independent think-tank IBON Foundation says that this does not mean that the Philippines’ broad income inequalities are improving.

    Data from the government’s 2006 Family Income and Expenditure Survey show that the bottom 30% of families had 8.6% of total family income in 2006 while the top 30% Filipino families accounted for 64.7 percent. This barely changed from 2003, when the bottom 30% had an 8.5% share and the top 30%, 64.7 percent.

    In fact, the data used by the NSCB itself indicates that the top 30% Filipino families earned P7.53 for every P1 earned by the bottom 30 percent.

    Thus, the gap between rich and poor in the country remains wide, and in fact, may even grow further as the Arroyo government continues to pursue its globalization policies. Such policies have resulted in an unparalleled decline in the people’s welfare and the further escalation of widespread poverty in the Philippines. (end)

    IBON Foundation, Inc. is an independent development institution established in 1978 that provides research, education, publications, information work and advocacy support on socioeconomic issues.

    Like

  2. Pingback: Tony Blair smears Corbyn, Bernie Sanders in the USA | Dear Kitty. Some blog

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