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Highlight keywords  |Print this articlePrint this article
From: The Socialist issue 943, 5 April 2017: Resist cruel NHS cuts

Search site for keywords: Them & Us - US - Market - Fees - Workers - Minimum wage - Pay - Rich - Outsourcing - Super-rich - Teachers - Total - Jobs - Global - BBC - Care workers - Bullying - Households

Them & Us

Them and us fishes, image by Suzanne Beishon

Them and us fishes, image by Suzanne Beishon   (Click to enlarge)

Bosses 'earn' 360x minimum wage

Top bosses get 360 times more than workers on the minimum wage.

Chief executives of elite 'FTSE 100' firms received an average of 5,271,803 a year, according to the Equality Trust.

A full-time worker aged 25 or over on the 2017 national 'living' wage will earn 14,625.

Does one FTSE fat cat really do as much for society as 140 teachers, or 312 care workers?

What would we do without billionaire owners and their millionaire managers slashing all our jobs and pay and services?

Fly into the sun and explode, most likely.


Luxury market...

Global sales of super-swank are up.

Luxury group LVMH - including Dior, Louis Vuitton and Tag Heuer - reported record revenues last year. Its 32.1 billion takings were up 5% on 2015.

In fact, total sales across deluxe brands have risen pretty consistently since the 2007-8 financial crisis. Thank goodness the super-rich were able to save themselves.

... licence fees

Meanwhile, the poorest pay 16 million extra each year for the 'luxury' of watching telly.

The BBC lets hard-up households pay licence fees in instalments. They get charged an extra fiver for the privilege.

Notorious outsourcing firm Capita is in charge of bullying vulnerable viewers into coughing up. It makes 58 million a year from that.

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The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.

The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.

The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

  • The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
  • Our 'fighting coronavirus workers' charter', outlines a programme to combat the virus and protect workers' living conditions.
  • When the health crisis subsides, we must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
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