Election Year or Fear!

[Andy_Faber]

It is isn’t it? Still…probably won’t stop you, or others from the gang of three, trying.

Are we back to nicknaming again, I thought you’d given us the proverbial ruler across the lower leg about that

[Andy_Faber]

Saw a meme online today. No idea if it's true. The source may indicate that it's figures relating to Scotland rather than the UK as a whole, although I could be wrong on that. The figures?

Between the late 70s and 2020, productivity per worker up 70 odd %, workers wages up 20%, Executive wages up 1000%.

Pure guesswork here but I think the first figure is high, the 2nd low and the last one is probably accurate.

Can anybody in the know shed some light on this. Facts, verifiable ones, not opinion please.

Deepseek confirms that order of magnitude over roughly that time period for ‘western world’ exec reward, mainly through stock options

[ramAnag]

Are we back to nicknaming again, I thought you?’d given us the proverbial ruler across the lower leg about that

Ah, right. Gotcha. So it’s pointed out when I do it but ignored when GP does it…complete with illustation. As I suggested yesterday, ‘one rule for one…’.

[ramAnag]

Saw a meme online today. No idea if it's true. The source may indicate that it's figures relating to Scotland rather than the UK as a whole, although I could be wrong on that. The figures?

Between the late 70s and 2020, productivity per worker up 70 odd %, workers wages up 20%, Executive wages up 1000%.

Pure guesswork here but I think the first figure is high, the 2nd low and the last one is probably accurate.

Can anybody in the know shed some light on this. Facts, verifiable ones, not opinion please.

…and back to the grown up posts. I think if you ask the question MA, there are plenty of internet financial sources that will confirm such a disparity in wage increases at least.

[Andy_Faber]

Ah, right. Gotcha. So it’s pointed out when I do it but ignored when GP does it…complete with illustation. As I suggested yesterday, ‘one rule for one…’.

Yes exactly. One rule for the poster who whinged repeatedly about it, one for the poster who didn’t.

[ramAnag]

Yes exactly. One rule for the poster who whinged repeatedly about it, one for the poster who didn?’t.

‘Whinged repeatedly’. Really? Brilliant retort though. Truly factual and well thought through and yet another example of the Faber school of one eyed inadequate ‘moderation’.

[swaledale]

Are we back to nicknaming again, I thought you’d given us the proverbial ruler across the lower leg about that

Strictly speaking AND we do know how strict your about accuracy! A nickname is applicable to one person, a group name is something different.

[swaledale]

‘Whinged repeatedly’. Really? Brilliant retort though. Truly factual and well thought through and yet another example of the Faber school of one eyed inadequate ‘moderation’.

Now come on RA, AF is the very bastion of neutral moderation, refrains from taking cheap shots, has a wide perspective on life and is open minded. He always explains what he means when asked about the statements in his posts and is in no way likely to avoid responding to points that dismantle the spurious arguments he makes. You of all people should know that!

Mind you I have seen a fair few airborne pigs lately!

[Geoff Parkstone]

I asked about wage increases.

ONS said average weekly wage in 1970 was ? 28. So a 20% increase suggests by 2020 it would be .... ? 33.60 a week.

ONS says average weekly wage was ? 586 a week in 2020.

Which represents a 2000% increase according to my calculato

So there's an ,"..internet financial sources that will (very much not) confirm such a disparity in wage increases at least."

So yes a disparity for sure. Those executives must feel seriously hard done by.

In fact simple logic suggests that no one was surviving on ? 34 a week in 2020. Minimum wage in 2020 was 8.72 an hour ie ,? 314 for 36 hour week.

Lies, daned lies and statistics eh.....

[Geoff Parkstone]

PS by 1980 average wage was 78-80 per week per Hansard. Pointing to 2020 being (using 20% hoke) 95 a week.

So whatever your starting point in the 70's the 20% is a ridiculous assertion.

[ramAnag]

PS by 1980 average wage was 78-80 per week per Hansard. Pointing to 2020 being (using 20% hoke) 95 a week.

So whatever your starting point in the 70's the 20% is a ridiculous assertion.

Back to the more adult stuff and very much aware that this is much more your area of expertise than mine, GP…the Independent suggests CEO pay has risen by 1322% since 1978.
The Economic Policy Institute suggests that the changes in CEO to worker wage ratio have gone from 21-1 in1965 to around 268-1 a couple of years ago.
The EPI also claims that CEO pay has ‘soared’ by 1085% since 1978 compared with a 24% average after inflation rise for ordinary workers.
I’m sure you are much more able to pick the bones out of all that than I am and I haven’t a clue about the reliability, or otherwise, of the EPI, but there would seem to be some truth in the figures MA provided.

[Geoff Parkstone]

Well of course you've totally changed the dynamic by introducing " inflation adjusted " into the random collection of numbers you've found.

[Geoff Parkstone]

PS the EPI is a left wing think tank whose objectives are very much "workers rights" related. Just saying.....

[ramAnag]

PS the EPI is a left wing think tank whose objectives are very much "workers rights" related. Just saying.....

I’d have thought ‘inflation adjusted’ went without saying but then, as I’ve already conceded, this is your area, not mine. I also pointed out that I had no idea about the credibility, or otherwise, of the EPI.

[MadAmster]

I’d have thought ‘inflation adjusted’ went without saying but then, as I’ve already conceded, this is your area, not mine. I also pointed out that I had no idea about the credibility, or otherwise, of the EPI.

Doesn't mean he can't use it as a stick to beat you...