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TUC: Put workers on pay committees to stop fat cats

The High Pay Centre and CIPD’s pay research published today (Wednesday) highlights how weak wage growth is for average workers compared to the those at the top, says the TUC.

The analysis finds that the typical pay of a FTSE100 chief executive has risen by 11% in the last year, compared to just 2% for the average worker.

TUC General Secretary Frances O’Grady said: “Pay for most people is barely rising at all. So working people will find it hard to understand why fat cat executives are splashing the cash for themselves.

“Workers should get seats on boardroom pay committees to bring a bit of common sense to pay decisions. And the government should put the minimum wage up to £10 an hour to give more workers a fairer share of the wealth they create.”

 

Original article link: https://www.tuc.org.uk/news/put-workers-pay-committees-stop-fat-cats-says-tuc

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