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Showing posts with the label pay
Freedom and democracy British Airways cabin crew to go on strike:  Earnings were advertised between £21,000 and £25,000 but, in reality, start at just over £12,000 plus £3 an hour flying pay, Unite said.  "Not surprisingly, the crew have rejected a 2% pay offer and on-board customer service managers are furious," the union said.  "They do not have collective bargaining rights. The managers have also endured a six-year pay freeze.  Meanwhile, Willie Walsh pocketed £8.8m. British Airways and the parent company IAG reported profits of £1.4bn, up 64% on last year. — the bbc online
The hypocrisy of it. Just a week or two ago a leader columnist of the FT was defending " free market democracy " against Wolfgang Streeke's criticism.  Anyway, people are indifferent to this and are accepting the status quo. Even the far-right support is not coming from this aspect in the system.
The cleaners at the London School of Economics Compare here: The CEO of Lloyds Bank got £6,000 per hour in 2014, dividents and bonuses included. That is calculated on the basis that he worked 40 hours per week.  Suppose a cleaner in London gets £21000 per year. It takes Cristiano Ronaldo 11 minutes to earn what a cleaner earns in a week.