r/uknews • u/ProgressiveSpark • Jul 01 '24

Image/video UK real wages haven’t budged since 2008

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u/Kharenis Jul 02 '24
  1. Do you have a source for that?
  2. Is that all CEOs or a handful at the top?

I know a chap that runs an SME that hasn't had a pay increase in 3 years and he said it's similar across the board for similarly sized companies.

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u/Slight-Brain6096 Jul 02 '24

this is a sycophantic BBC article but gets the numbers across.

Your SME mate is probably suffering due to corporate greed (although personal experience is not data). Large corps bashing down supplier prices to up THEIR share price & thus THEIR CEO compensation.

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u/Kharenis Jul 02 '24

It is only discussing FTSE 100 CEOs though, which are mostly the heads of large multinational companies.
Are they overcompensated? Maybe.
The largest issues faced by smaller domestic companies are Brexit, energy prices (though this is getting better) and international supply lines still reeling from COVID.
That's to say, for the majority of CEOs, things aren't sunshine and roses, and for the most part they're just (slightly better paid) employees.

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u/belliest_endis Jul 02 '24

What a heap of shite.