Business and Economy

One in Four Trapped in Low Pay Jobs - Equality Trust Response to New Social Mobility Commission Research

The Equality Trust has responded to new research published today by the Social Mobility Commission which found a quarter of low paid workers are permanently stuck in poorly paid jobs. Dr. Wanda Wyporska, Executive Director of The Equality Trust, said:

"The truth is we've become very good at creating low paid jobs, with little chance for progression. This isn't anything to be proud of and it doesn't represent an economy working for the many, not the few. 

Equality Trust Response to IPPR Commission on Economic Justice

The Equality Trust has responded to the IPPR's report on economic justice, published today. The report noted the UK's high levels of inequality and called for fairer taxation and redistribution of wealth. Dr. Wanda Wyporska, Executive Director of The Equality Trust, said:

"As this report shows the UK is one of the most unequal countries outside of the developing world. The majority of people are benefiting very little from an economic system that has perpetuated the grotesque levels of inequality damaging our society.

Government Must Be Bolder on Corporate Governance Reform

The Equality Trust has responded to today's announcement of Government proposals on corporate governance. Dr. Wanda Wyporska, Executive Director of The Equality Trust, said:

"These proposals are a step in the right direction, but we need to see far more. Too many businesses are paying absurd amounts to mediocre bosses, whilst ratcheting down the pay of workers. That is why we face such ridiculous and damaging levels of inequality in this country. 

Government Must Introduce Pay Ratio Reporting

The Equality Trust has responded to speculation that the Government is set to introduce requirements for top companies to publish, and explain, the pay ratio between their CEO and average worker. Dr. Wanda Wyporska, Executive Director of The Equality Trust, said:

"This would be a positive step towards fair pay and greater equality in the workplace. The best way to tackle businesses paying bosses millions, but their workers peanuts, is to turn the spotlight on them.

Executive Pay - Has the Penny Finally Dropped?

Responding to today's publication of FTSE 100 CEO pay by the High Pay Centre, Dr. Wanda Wyporska, Executive Director of The Equality Trust, said:

"It seems the penny has finally dropped, and companies are at last beginning to row back on the absurd levels of pay given to CEOs.  This is positive, but we now need to see concerted efforts to raise wages at the other end, and to reduce the obvious gap in pay between male and female bosses.

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