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BBCNEWS World July 5, 2024



that s according to the think tank, the high pay centre who have calculated that the average pay of top bosses will overtake the average full time workers annual pay by 1300 gmt today. joining me now is susannah streeter. happy new year. anybody looking at those and struggling on an annual salary of 34,963, the average, will be aghast. take a through the figures. be aghast. take a through the fiaures. . , be aghast. take a through the fiaures. ., , ., , be aghast. take a through the fiaures. . , ., ,, figures. it really does stick in the craw, figures. it really does stick in the craw. doesn t figures. it really does stick in the craw, doesn t it? figures. it really does stick in the craw, doesn t it? this figures. it really does stick in the craw, doesn t it? this has - figures. it really does stick in the i craw, doesn t it? this has come out today and at a time when the cost of living crisis is still swelling in the uk and the ftse 100 has also the uk and the ....

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BBCNEWS World Business Report June 4, 2024 11:34:00

Lagging behind. i don t really think thatis lagging behind. i don t really think that is necessarily to do with the level of executive pay, however, and the fact what you are getting is a pay arms race is going on. if you look at the us, worker pay compared to chief executive pay, workers were paid, chief executives were paid 20 times more. that has grown exponentially because if you are paying pay increases of 10% every year, that salaries are doubling with every seven years and that is why you have got to this situation and it is very difficult to see how you could extricate yourself out of it if you look at individual companies, they say they want to attract the best talent, they have to look around the market and see what other companies are paying. however, other countries such as germany have greater worker representation on the boards in the could be part of the answer. we have run out of time. could be part of the answer. we have run out of time. thank could be part of the ....

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