2/6 If a company (or any employer) has a top-to-bottom pay ratio of 100:1, then it values those who work for them on minimum wage (whether outsourced or not) at 1% of the CEO or highest paid employee. #Max12to1
3/6 People might argue that you can’t compare, say, a CEO to an outsourced cleaner because, technically, the cleaner is employed by the outsourcer. But we think if anyone works in the business and breathes the same air as the bosses, they should be counted. #Max12to1
4/6 Decent employers shouldn’t use outsourcing to pay people #poverty wages. Decent employers should in-source all employees and pay them properly. We, of course, suggest at least 1/12th of the highest paid employee – and preferably more. #Max12to1
5/6 So, we will be adding the % value of the minimum wage worker to our weekly company reports. Currently, the CEO:UK Minimum Wage ratio (after we’ve reported 52 companies) is 250:1 meaning a minimum wage worker is currently valued at 0.4% of the average #FTSE100 CEO. #Max12to1
6/6 This is #inequality. This is what excessive executive pay and #poverty pay means. And you can’t have the former without the latter. Excessive pay for a few is only possible because of the #poverty pay of the many. This is why we need fairer pay for a fairer UK. #Max12to1
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