Rising wage inequality in Britain

British executives working in big companies earn in days what workers earn in a year. The High Pay Centre and CIPD conducted joint study and released their report on January 4, 2018. According to this report, the chief executives at the companies listed on the London Stock Exchange's FTSE 100 index earn in one day what workers earn in a year. The British workers earn on average 28,758 pounds a year.

The study authors warn that the pay gap between top executives and average workers remains wide. Stefan Stern, director of the High Pay Centre made his observation in these words, "while it was encouraging to see a tiny amount of restraint on pay at the top of some FTSE 100 companies last year, there are still grossly excessive and unjustifiable gaps between the top and the rest of the workforce".

British chief executives on average earn $ 6.1 million. This report clearly indicates that wage inequality is still on the rise. British workers never saw such huge gap between them and top executives.