Commenting on the Chancellor's Spring Statement, Dr Wanda Wyporska of The Equality Trust said:
Income and Employment
UK's Top Bosses 'Earn' 242 times the Minimum Wage Worker's Annual Salary
A FTSE 100 CEO now earns an average (median) annual pay of £3.45 million, per year, which is 242 times more than that of a minimum wage worker. Top bosses' pay will have surpassed the annual salary of a minimum wage worker on Thursday 4th January.
Analysis by The Equality Trust found the average pay for a FTSE 100 CEO is:
● 108 times more than a nurse’s.
● 91 times more than a teacher’s.
● 84 times more than a police officer’s.
Responding to today's A-level results, Dr. Wanda Wyporska, Executive Director of The Equality Trust, said:
"They'll be some anxious parents and students this morning, but for many students from poorer backgrounds the battle doesn't end here, sadly.
"We know that in many professions, privately educated students receive significantly higher pay than their state school counterparts, even when they've received exactly the same degree from the same university. We also know there is a huge class pay gap in many top jobs.
The Equality Trust has responded to the BBC's publication of 'star' salaries.
Dr. Wanda Wyporska, Executive Director of The Equality Trust, said:
"It's clear there are some extraordinary salaries being paid at the BBC, but this isn't the real issue. The problem is the huge disparities in pay we see in many large organisations. Often a small group at the top is paid astronomical amounts while those at the bottom are seen as a cost to be reduced.
Commenting on today's publication of the Taylor Review into modern employment practices, Dr. Wanda Wyporska, Executive Director of The Equality Trust, said:
"Some 'gig economy' jobs are likely to help those on low incomes boost their pay, but others are little more than a way for employers to dodge their responsibilities. The creation of jobs is vital to reduce inequality, but the creation of low-skill, low productivity jobs is not the best long term plan for a more equal, successful society.