According the the Office of National Statistics employed folk are now experiencing wage rises1.8% above inflation and unemployment has fallen by 900,000. Well, most public sector workers, low paid contract staff and frontline service industry staff (cashiers, till operators, carers etc) have had at least a pay rise ceiling of 1% and more generally a pay freeze, a pensions increase and longer hours for over 5 years with at least Austerity (aka: Conservative Economics to minimise the use of The State) for another two years. So, wheres the increase coming from? Well, a small article in the weekend papers gave the info. Goldman Sachs paid each of its 34,000 employees an average of £245k in bonuses with a total Reward bill of over £8.2bn! Yet, the taxpayer bailouts have not been repaid. So, this lavish pat on the back is from our pockets which we are still paying for & with such draconian financial constraints is it no wonder that the AVERAGE looks so good? ...and if Sachs can have the sheer moral corruption to behave in such a despicably middle-finger-in-the-air manner then most other financial institutions will doubtlessly be handing out our money while demanding that the companies they support and invest in, reduce their wages bill by maintaining an ever increasing no contracts workforce! For an in depth discourse view The Super Rich and Us parts One and Two on iPlayer.
Posted on: Wed, 21 Jan 2015 22:49:41 +0000