What has happened over the years
"Sainsbury’s has revealed that its chief executive, Simon Roberts, received pay worth £3.8m in the latest financial year even as it rejected calls from big investors for it to ensure all workers in its stores receive a living wage.Roberts’s total pay nearly tripled for the year to March from the £1.3m he received in 2021, when he waived his bonus in light of the coronavirus pandemic, according to figures published in the supermarket’s annual report on Monday.Sainsbury’s said the £3.8m pay packet – 183 times larger than that of the median worker at the supermarket – represented a like-for-like increase of 31% over the year. That compared with 5.3% pay increases for the staff it directly employs in stores, well below the 9% rate of inflation that is causing a cost of living crisis."https://www.theguardian.com/business/2022/jun/06/sainsburys-boss-pay-triples-to-38m-as-firm-rejects-living-wage-callsOver the last 50 years a "rising tide" has NOT lifted all boats.
David Ainsworth ● 1104d0 Comments