I have posted on other occasions about the pay equity gaps between bosses and workers.
Just out (The Dominion Post, October 3, 2017) a New Zealand statistic that, between 1997 and 2015, the incomes of chief executives increased 228% and the average worker’s by 91%.
The pay packet of the CEO of the NZ co-op company Fonterra stands at $8.3 million.
Having been a modest wage earner all my working life, my mind boggles at why anyone needs that sort of staggering income.
If it was my pay packet, with my modest needs, I could have retired comfortably after 6 month’s work and lived on savings for the next 40 years and longer.
Is it not past the time for a fairer distribution of wealth? Or am I just being a ‘have-not’?
On TV yesterday I saw a programme about luxury foods the very rich like to eat. The cost is obscene when you think of all the malnourished and starving people in the world.