If Pay Ratios were Published it is said CEOs might be more generous to their Staff!

When this Adelaide resident heard that bosses of Australian firms earn many hundreds of times what workers do, it did not sit right with him! He has to work a number of casual, part-time jobs, and volunteer!

He said that it left him feeling disappointed and disillusioned with the system that has evolved!

He questioned how it was possible that such could be earned by any individual!

As a consequence of COVID-19 he said  …

“I’m in a very insecure world,” he said. “I think a lot of people are in my position.”

HOWEVER, will publishing CEO pay ratios be enough? A good start perhaps!

PRIOR to the late 1990s when Workers’ Pay and Conditions were undermined by the policy changes of the Howard Government, we enjoyed good wages and conditions that enabled us to live in our own homes, afford a motor vehicle or two, enjoy holidays and home comforts!

Our families, however now, may not even own a car, and they rent!   Into their 30s!

How did this Divide come about? 

The Howard Government introduced Temporary Migration of Visa holders including Visa workers to replace permanent migration of 70,000 per annum.

Prior to the Pandemic there were 2.3 MILLION Visa holders in Australia of which 1.6 MILLION were Visa workers … this led to high unemployment and underemployment of Australians! 

These overseas people were lured by the prospect not only of work, but gaining permanent residency as they accepted low rates of pay and poor working conditions.

HENCE THE GREAT DIVIDE TODAY!

JOIN A UNION TO RESTORE BETTER PAY AND CONDITIONS!

READ MORE ABOUT THE CEO PAY RATIO!

https://www.abc.net.au/news/2021-08-23/ceo-pay-ratio-the-small-number-that-could-change-a-lot/100215434