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Pay ratio regulation needs revisiting

Pay ratio regulation needs revisiting

A Guardian editorial reflects on a High Pay Centre report showing that across FTSE 100 firms, chief executives take home 73 times the amount paid to their average worker – up from 18 times the typical wage forty years ago. The paper says that since he financial crash, “this shameless self-enrichment by the wealthiest in society has taken place as average wages have stagnated and, in many cases, fallen in real terms.” Noting that regulating the pay ratio between chief executives and employees has been proposed in the past, it suggests: “If a better, more cohesive Britain is to emerge post-Covid, it urgently needs to be revisited.”

Read more: The Guardian


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