'We're all in this together' is the often-heard mantra in these straightened times. But this morning's figures from Incomes Data Services suggests that some of us are more in it in than others. The 'it' in question is the pay trough: boardroom pay has risen on average by 55% while ordinary workers pay is lagging inflation (as measured by the RPI); public sector pay is rising on average by 0.7% with prices rising at over 4% (you do the maths).
For some reason we still seem to believe that the rich need to be incentivised by money while the poor are incentivised by austerity. And we seem to think that this is fair.
Blessed are you who are poor,
for yours is the kingdom of God.
Blessed are you who hunger now,
for you will be satisfied.
Blessed are you who weep now,
for you will laugh.
Blessed are you when people hate you,
when they exclude you and insult you
and reject your name as evil,
because of the Son of Man.
Rejoice in that day and leap for joy,
because great is your reward in heaven.
For that is how their ancestors treated the prophets.
But woe to you who are rich,
for you have already received your comfort.
Woe to you who are well fed now,
for you will go hungry.
Woe to you who laugh now,
for you will mourn and weep.
Woe to you when everyone speaks well of you,
for that is how their ancestors treated the false prophets.
So, I wonder what he makes of these numbers...
Thursday, January 06, 2011
Labels: the bible, the economy
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