<
https://www.theguardian.com/australia-news/datablog/article/2024/aug/31/australian-executives-pay-jumped-in-the-last-year-so-did-the-gulf-between-ceos-and-the-average-worker>
"In the time it takes to read this article, Australia’s highest-paid chief
executives will earn hundreds of dollars. An average worker would make around
one dollar.
While many executives took pay cuts at the peak of pandemic lockdowns, there’s
been little restraint in the years since, even as cost-of-living pressures
weigh on their employees.
Chief executive pay increased strongly in 2023-24, an analysis of remuneration
reports shows, with many executives receiving double-digit rises in their pay
packets.
Meanwhile, average weekly earnings increased by just 4.6% over the financial
year.
Guardian Australia used published CEO pay to assess how much more the heads
of Australia’s best-known companies earn than regular workers, from baristas to
barbers."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
