It has been widely reported today that by lunchtime [Wednesday 4 Jan] the average CEO had earned as much as an average yearly UK salary.
It is less reported that I will have earned as much as the average salary by August 12th. Next year
So, how do I feel about this? The CEO stat, not my situation.
This feeds partly into concerns over globalisation and the inequality of wealth that this supposedly fuels. On this matter I am vehemently opposed but perhaps without the vehemence bit.
Generally, I think we should be happy with globalisation and all the benefits it brings our first world lifestyle but we should also be concerned about inequality of pay. The sheer difference between the highest earners and me.
Maybe what we desire is to have communist companies in our capitalist world.
And on the matter of CEO remuneration I don’t think this is a problem. They have probably worked hard and maybe risked all to be in their enviable position. But they could have waited until Christmas dinner had been fully digested before earning what we do in the whole of our year.