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From The Socialist newspaper, 2 November 2011

Bosses prosper, workers suffer...

Join the 30 Nov strike

Manchester: 30 June coordinated strike action by the PCS civil service union and NUT, ATL and UCU teaching unions, photo Hugh Caffrey

Manchester: 30 June coordinated strike action by the PCS civil service union and NUT, ATL and UCU teaching unions, photo Hugh Caffrey   (Click to enlarge)

Tim Cutter, secretary Hampshire Unison branch, personal capacity

A recent survey of top 100 FTSE chief executives has shown that in the last year these bosses have received, on average, 50% pay rises. Top company boss Martin Sorrell had the brass neck to complain that his 1 million basic salary was "very low"!

This at a time when many workers have had to endure pay freezes especially in the public sector. In some cases, such as Southampton City and Hampshire county council, workers face pay cuts. Most of these workers are already some of the lowest paid. In the private sector as well, those who have received any pay rises have seen them more than wiped out by price inflation.

It's a disgrace that the parasites at the top can award themselves such huge rises while at the same time calling for further cuts in public spending, leading to more job losses and attacks on workers' terms and conditions.

The fat cats have tried to defend themselves by claiming that their salaries and bonuses are set by independent pay review boards. But the bosses sit on each others' review boards where they recommend huge pay increases for each other!

They have even claimed that their massive pay rises are down to 'performance', yet the system they head is in crisis. If their pay is linked to performance they should be paying us for the mess they've created!

Cameron and Clegg have expressed 'concern' over pay inequalities but working class people won't be fooled by this. The Con-Dems are determined to make the poorest people in society pay for the bankers' greed and the failures of capitalism.

Socialism

All of the three main parties support the current system and are in favour of cuts, yet none of them will ever seriously tackle the greed of the bosses. This is because they are part of the same corrupt class that benefits from the status quo and allows the obscenity of growing inequalities to continue.

The only way to end the corporate greed and massive pay inequality is to end the profit system itself.

On 30 November millions of public sector workers will take strike action to defend our pensions. We need to link this struggle to the fight to protect jobs and services and for decent pay for all workers.

However, only by fighting for socialism will we finally be able to end the misery of low pay for the majority and the disgusting spectacle of over-paid bosses and millionaire politicians telling us that 'we are all in it together'.

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In The Socialist 2 November 2011:


Building anti-cuts action

Bosses prosper, workers suffer...

30 November and beyond

Workers can show their power in 30 November strike


Socialist Party workplace news

An interview with Mick Dooley

'Virgin' on the outrageous

Workplace news in brief


Socialist Party

Why you should join the Socialist Party

Read the Socialist - the paper that fights all the cuts


Socialist Party reports and campaigns

Bradford joins the 'Occupy' movement

Jarrow marchers in solidarity action at Northampton university

Liverpool council 'does its best' for the bankers

Lansley closes another hospital A&E department


Socialist Party news and analysis

As the Jarrow March for Jobs arrives in London... Youth demand their future!

No return to hire and fire - Tories consider abolishing more workers' rights

Fast News


International socialist news and analysis

Tunisia: Elections mask the growing anger from below

Ireland: Spectacular election result for socialists

Tony Blair advises Kazakhstan's dictatorial regime


Socialist Party reviews

Battle for Bexley Square

The World's Biggest Bomb

1985 school strike exhibit shows how young people can organise to fight back


 

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