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From The Socialist newspaper, 18 February 2015

Workers' pay down 2,500... Bosses' pay up 700,000

Workers' pay down 2.5k - Bosses' pay up 700k

Workers' pay down 2.5k - Bosses' pay up 700k   (Click to enlarge)

Fight for decent pay, jobs and benefits

James Kerr

Feeling the pinch? Cutting back on spending? Wondering how you'll make it to the end of the month? You're not alone. Workers everywhere are struggling with stagnating wages and rising prices.

A recent TUC report confirmed what we're experiencing on a daily basis when it outlined that workers are 2,500 a year worse off since the start of the Con-Dem government. That's an 8.4% fall in five years!

Government attacks on working class people are absolutely unrelenting. Cameron recently pledged to cut housing benefit for 18 to 21 year olds if the Tories win the next election.

Now, in yet another slave-labour workfare scheme, he wants young people to be forced to work for their benefits after six months of unemployment. And that's on top of cutting the benefit cap by another 3,000 a year - again hitting hardest some of the most vulnerable people in society.

Contrast that with what's happening in Britain's boardrooms, where fat cats have seen their pay soar by 26% - 700,000 - in a year.

Big winner

Who is singled out as a big winner in the report? None other than Stuart Gulliver, chief executive of HSBC, the bank implicated in a massive tax avoidance scandal. It makes Cameron's 2009 "we're all in this together" refrain seem like a really sick joke.

It's clear that it's one rule for them and another for us. The enormous pay gap graphically highlights the staggering and growing inequality under capitalism. Working people pay the price for the contradictions of a broken system.

What's the alternative? All of the establishment parties are keen to bang the drum for the super-rich, squabbling for the crown of 'most pro-business'. It is clear that, whoever wins the general election, we'll need to fight for decent pay, jobs and benefits you can live on.

The trade unions need to channel the anger that exists into a massive campaign for decent pay, including making the demand for a 10 an hour minimum wage a reality. We also need to build the Trade Unionist and Socialist Coalition (see page 5) as an important step towards a mass working class party.

Ultimately we have to fight for socialist policies to ensure that the wealth is taken out of the hands of the super-rich 1% and used to benefit the lives of the mass of people.

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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 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.
  • 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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In The Socialist 18 February 2015:


Socialist Party news and analysis

Workers' pay down 2,500... Bosses' pay up 700,000

HSBC tax dodging scandal

How the super-rich get away with it

Them & Us


Socialist Party congress

Preparing the forces to fight capitalist austerity


International socialist news and analysis

Greece: If the Troika does not back down?

"Dogs of war" unleashed against water tax movement


Trade Unionist and Socialist Coalition

"Vote for hope and an alternative"

"I want to tell the truth about the crime of austerity"

Socialist Party election appeal


Socialist Party workplace news

Support the firefighters

Lewisham: striking against 'academisation'

London bus strike suspended - prepare for more action

Protest wins reinstatement of Crossrail worker

Tories' probation disaster

Fighting for a 10 minimum wage


Socialist Party reports and campaigns

Fighting racism with Solidarity Street

Labour council to deal 'savage blow' to Coventry

Campaign news in brief

May Day greetings with the Socialist


Socialist Party comments and reviews

"Driver, why are you late?"

Decades of disastrous and bloody interventions

Shallow look at racist far right

Individual registration excludes voters...


 

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