You don't need to be an 'investor' to invest in Singletrack: 6 days left: 95% of target - Find out more
By 1pm today, they will have already earned the average UK salary of £34,963.
Still, trickle down economics mean we are all better off in the end. 😁
By 13:00 GMT, the pay of FTSE 100 chiefs will have overtaken the £34,963 annual median wage for full-time workers, the High Pay Centre says
https://www.bbc.co.uk/news/business-67877235
Pfft, I'd done it by half three yesterday, peasants.
And there's only one thing that trickles down...
Sounds good. How do I apply?
And when you are earning that much, then you can start building asset wealth, and the pay packet only becomes a part of your income. So frankly the headline figures are a rather flattering picture of financial equality.
And when you are earning that much, then you can start building asset wealth, and the pay packet only becomes a part of your income.
To be fair; you can still build asset wealth on the average salary too. Just spend less than you earn and invest the difference
Just spend less than you earn
Ah, of course, simple! *insert eye-rolling emoji here*
They are having a really hard time and their pay is falling behind the US and EU.
UK bosses have complained that they do not get payed enough.
By 1pm today, they will have already earned the average UK salary of £34,963.
I don't even understand how that is the average salary? I barely know anyone who earns as much that.
It's okay, carry on as normal - the electorate love it apparently. Change is not on the cards.
Transferring wealth from us/state to them. Nothing to see here.
Average Joe's wage is inflationary remember.
No political party gives a toss about this and there is no appetite to distrupt the status quo.
I don’t even understand how that is the average salary? I barely know anyone who earns as much that.
It's the median, bang in the middle of all salaries, which means that there are as many people earning less than that as earning more than that.
Change is not on the cards.
Genuine Q - what would/could that change be?
I don’t even understand how that is the average salary? I barely know anyone who earns as much that.
minimum wage at 40 hours per week is £24k if you did a 60 hour week (tough work, for sure, but some folks do it) you could earn that amount on minimum wage, or on a 40 hour week you'd have to earn £16.80 per hour.
our big boss claimed £950k of private air travel in the last financial year, earned well over $200m in the last 5 years
It’s the median, bang in the middle of all salaries, which means that there are as many people earning less than that as earning more than that.
Is it not the mean? If so, it probably means there are more people earning less than that than earning more than that, if the median is less than the mean (which given the huge pay packets mentioned in the OP I suspect is the case).
No issue with people earning (and I use that word loosely) big sums. The question is will it be fairly taxed. Or squirrelled away via off shore trusts and tax management schemes which means the individuals pay less than I do!
And what about premier football players? Of which there are far more than FTSE 100 CEOs. One presumes they included all remuneration as a means of making the time to median UK salary as short as possible.
Years ago the CEO of our company was paid according to UK scales and shareholder approval, despite being an Anglo-US multinational and him based in the US. His salary was not in the top 100 CEOs in Philadelphia, let alone the whole of the US.
The question is will it be fairly taxed
the thing about FTSE companies, is that you can read all remuneration in the annul reports. CEOs will be on PAYE like every other employee. Much of their remuneration will be share based, but they will be taxed on that.
They might have taken that much money, I very much doubt they’ve earned it.
It’s the few earning £millions that pull the mean up above the median.They might have taken that much money, I very much doubt they’ve earned it.
Tell us about your experience of running companies that in total employ around 5 million people in the UK and generate profits of over £300 billion from revenues of around £2 trillion.
How much should they get paid?
I think it’s more a case of how much should the people beneath them get paid, in relative terms
His salary was not in the top 100 CEOs in Philadelphia, let alone the whole of the US.
The USA has an even more uneven income distribution than the UK...? Who knew?!? Not somewhere to look up to when it comes to inequality in the workplace.
Tell us about your experience of running companies that in total employ around 5 million people in the UK and generate profits of over £300 billion from revenues of around £2 trillion.
How much should they get paid?
I think it’s more a case of how much should the people beneath them get paid, in relative terms
I just did a bit of googling and fag packet maths. The boss of AstraZeneca got paid £15.5m last year. Their profits were about 3.7billion quid, they have about 83k employees. He could give all his employees an extra £1000 and it would knock just over 2% from the operating profit, i.e. bugger all
And what about premier football players? Of which there are far more than FTSE 100 CEOs.
The thing about footballers (and yes the amount they are paid is pretty ridiculous) is they're not trying to employ as few people as possible on as little money as possible in order to make as much profit as possible.
Tell us about your experience of running companies that in total employ around 5 million people in the UK and generate profits of over £300 billion from revenues of around £2 trillion.
How much should they get paid?
I've only ever managed a handful of people, I got no increase in my pay for doing that so I just assumed there was no correlation between number of underlings and pay, was I being diddled? (probably)
Just because an individual sits at the apex of a management mountain, doesn't necessarily mean they are adding value.
Surely the metrics FTSE 100 bosses are judged on for their pay are company share values, profits and maybe dividend pay outs?
The wellbeing, morale and retention of the workforce is only relevant if it directly impacts the above...