Corbyn is Right on Bosses’ Pay

Written on January 15th, 2017 in politics Comments Off

Published on Dissident Voice, by Adnan Al-Daini, January 13, 2017.

A maximum of 20 times the wage of their lowest-paid worker. The Leader of Britain’s Labour Party, Jeremy Corbyn, has proposed that bosses’ pay should be no more than 20 times the wage of the lowest-paid worker in the company. The salaries of top bosses have reached grotesque levels as a multiple of average pay. For example, the average pay of the CEOs of the FTSE100 companies in Britain has gone up from 47 times average wage in the 1990s to around 180 times today.

The disparity in income will be even more shocking if the multiples are related to the minimum wage … //

… Fairness and justice are the pillars on which successful, happy societies are built. The present system that siphons so much wealth to the top 1% to the impoverishment of the rest is not fair, nor just. Failure to take action will result in the whole of society becoming poorer. Jeremy Corbyn is spot on; salaries of company bosses should be no more than 20 times the wage of its lowest-paid worker.

(full text).

(Adnan Al-Daini (PhD, Birmingham University, UK) is a retired University Engineering lecturer. He is a British citizen born in Iraq. He writes regularly on issues of social justice and the Middle East. Read other articles by Adnan).

Links:

Trump open to ending sanctions on Russia and ‘One China’ policy, on RT, Jan 14, 2017: President-elect Donald Trump has expressed openness to lifting sanctions against Russia under certain conditions, in an interview with the Wall Street Journal. When asked about the ‘One China’ policy, he said, “everything is under negotiation …”

Gaius Publius: Who’s Blackmailing the President and Why Aren’t Democrats Upset About It? on naked capitalism, by Yves Smith, Jan 14, 2017;

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JAZZ,uploaded by oldiesfan1968:

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