S.C inequalities income Flashcards
Chief executives and senior officials salary?(income)
120,000 a year + bonuses (ONS 2012)
Barristers and judges salary (income)
£40,000 (ONS 2017)
School midday crossing patrols salary? (Income)
£3000
Waitress salary(income)
£7000 (ons 2017)
Adele (income)
Daily mirror 27 million
The queen
£36 million
Definition of income
The flow of money to a person or household over a period of time
What did the report by the high pay commission find?
In 2015 100 CEOS earned on average 183 times more than an average full time worker
Income difference between poorest and richest
The average net income of the richest 10% is almost 10x larger than that of the net income earned by the poorest 10%
What did the OECD find?
2015 UK is the fifth most unequal country in terms of income distribution