Summary
A survey by the High Pay Centre found that 55% of respondents support capping CEO pay to maintain a fair balance between workers and bosses.
The thinktank also recommends giving workers the right to vote on company boards and increasing transparency about top pay.
The UK government is under pressure to address income inequality, which has grown by 1.3% in 2022, with the poorest 20% experiencing a 3.4% reduction in disposable income while the richest 20% saw a 3.3% increase.
I don’t deny that running a business is hard. I know some business owners, and I’m a manager myself so I have experience delegating to others. But I also think running a kitchen during lunch rush is hard, or finishing that presentation in time is hard, or juggling three different job responsibilities is hard, or repairing complex machinery is hard. I don’t think CEOs work 400 times harder than these people, or anyone for that matter.