Wage Inequality At Stratospheric Levels

The video discusses the significant pay gap between executives and average workers, highlighting that top executives in Footsie 100 companies earn far more than what is deemed necessary. While some argue that these salaries are justified by market rates and the need to attract top talent, others see it as excessive. The video includes perspectives from both executives and employees, emphasizing the disparity and its implications in a global market context.

What has been the trend in the average pay of chief executives in Footsie 100 companies over the past five years?

• It has doubled.

• It has remained the same.

• It has increased from just over 4 million pounds to almost 5 million pounds.

• It has decreased significantly.

According to James Kahn, why do businesses pay high salaries to top executives?

• To match the market rate for the job.

• Because they have excess funds.

• To avoid paying taxes.

• To justify to the remuneration committee.

What is the perspective of postman Paul Klees on the pay disparity in his company?

• He is indifferent to it.

• He believes it is fair.

• He feels it is justified by the market.

• He thinks it is demotivating for regular workers.

What is the main reason UK companies offer high salaries to executives, according to the final section?

• To reduce operational costs.

• To increase company profits.

• To attract the executive elite in a global marketplace.

• To comply with government regulations.

Who is the narrator of the video?

• James Kahn

• Moya Greene

• Paul Klees

• David Bowden