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22/02/2015 - Bosses wax fat while Scottish workers suffer

scottishcashBosses of top companies now earn the equivalent of the average annual wage in Scotland every two working days. The average chief executive of a FTSE-listed company earned the the average Scottish wage of £27,045 in just over two days of work last year, making their annual salary 123 times the average Scottish wage.

 

The disparity is included in a new report which warns that wage stagnation has added at least £33 billion to the Budget deficit. The Trades Union Congress (TUC) and the Institute for Public Policy Research (Ippr) think tank produced the report.

 

Citizens Advice Scotland said that they saw significant numbers of working Scots struggling to put food on their table because of low wages.

 

According the breakdown of earnings surveys, the real value of the average full-time wage in Scotland fell by £1,882 between 2010 and 2014.

 

Pat Harrington, general secretary of Solidarity, said: "This report is another nail in the coffin of the ConDem lie that "we're all in it together". Ordinary folk suffer austerity while the rich just get richer. Don't be fooled."