spotArguments for socialism

spotCapitalism

spotGlobalisation Anticapitalism

spotMarxism


All keywords


Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Capitalism keywords:

1929 (2)

Asset-stripping (8)

Austerity (1053)

Bankers (106)

Banking crisis (14)

Bear Stearns (3)

Bonuses (58)

Bourgeois (3)

Brexit (54)

British economy (16)

British politics (9)

Budget (307)

Capitalism (831)

Capitalist (612)

Carry trade (1)

Coalition government (24)

Competition (24)

Credit crunch (19)

Debt (198)

Depression (17)

Economic crisis (72)

Economy (401)

Enron (2)

Euro (43)

Famine (2)

Great Depression (7)

Hedge funds (9)

Import controls (1)

Inflation (33)

Interest rates (25)

Jpmorgan (1)

Keynesian (7)

Keynesianism (4)

Lisbon Treaty (9)

Marriage (7)

Mortgages (19)

Northern Rock (32)

Oil (280)

Oppression (39)

Populism (1)

Private equity (11)

Profit (73)

Profit system (26)

Recession (120)

Rich (235)

Shares (18)

Shell (8)

Short-selling (2)

Social class (3)

Software (2)

Stock market (10)

Stock market crash (3)

Sub-prime (12)

Sub-prime market (2)

Subprime (10)

Tax (551)

Technology (20)

Universal Credit (4)

Wealth (60)

Wealth gap (14)

World economy (55)

capitalist crisis (29)

capitalist system (29)

Rich


Highlight keywords  |Print this articlePrint this article
From: The Socialist issue 671, 18 May 2011: Strike back at pensions robbery!

Search site for keywords: Pay - Rich - Labour - Capitalism

Pay gap grows ever wider

'Under capitalism the rich get richer and the poor get poorer'. Merely Marxist propaganda? Not so. A new report by the high pay commission shows that the wage gap between UK's highest earners and the rest of workers will soon be as wide as in Victorian times.

According to the commission the top 0.1% of earners will see their pay rise from 5% to 14% of national income by 2030. The last time this concentration of wealth was seen was in the early 1900s.

Last year according to the report the average salary of corporate fat cats was over 3,747,000. This sum is over 145 times greater than the national median full time wage of 25,800.

The report says the trend is likely to see a further widening of this gap to 214 times by 2020.

Undoubtedly, right wing trade union leaders will seize upon such figures as strengthening the call for a return of a Labour government.

However, recent figures published by the Institute for Fiscal Studies show that income inequality between rich earners and the majority of workers accelerated under the Labour governments of Tony Blair and Gordon Brown.






Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Related links:

Pay:

triangleStrike to save our NHS!

triangleCWU strike ballot - why I'm voting Yes

triangleDeal concludes Barts health strike - "We have raised our heads high"

triangleMcStriker addresses Greenwich trade unionists

triangleTUC congress 2017: time for action on pay

Rich:

triangleWhole establishment exposed for role in Grenfell fire

triangleThe Socialist inbox

triangleCorbyn's manifesto: An important step in the right direction

triangle1,000 super-rich own 658 billion!

Labour:

triangleLedbury tenants fight for decent homes

triangleLabour conference: Corbyn's support must be used to defeat Blairites

Capitalism:

triangleRefreshing, anticapitalist - but little pointing a way forward

triangleFight for an alternative to the misery of capitalism