Are we witnessing, in real time, the collapse of the left wing.

fillyboy said:
Rolls Royce were on the bones of their r's during covid, share price around £1 and facing severe problems. Tufan Erginbilgic took over as ceo and share price on Friday was £7.50, brokers have put on target prices for the share between £9-£11, profits announced last week were 2.5 billion compared to 1.5 billion the year before.
I've no idea what his salary is, don't really care.
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Yes but the point is, in my hypothetical world, if Tufan can only get CEO gigs at 30x worker salary, he'd still be happy to go into struggling companies in an attempt to turn them around.

I appreciate it'll never happen, however the consequence is CEOs getting millions, sometimes for overseeing failure.
 
diy_fun_uk said:
Yes but the point is, in my hypothetical world, if Tufan can only get CEO gigs at 30x worker salary, he'd still be happy to go into struggling companies in an attempt to turn them around.

I appreciate it'll never happen, however the consequence is CEOs getting millions, sometimes for overseeing failure.
Click to expand...

Yes it makes a good argument for an appropriate salary but with a strong performance bonus.
 
motorbiking said:
So you do live in a country where the ordinary working person can afford to live in a home with a garden.

Glad we got there in the end.
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No, I mostly live in the UK.

You are pretending not to notice that I said "buy"

Older people who bought a house years ago may still live in one. Many retired people live in one. Many years ago, some of them were able to buy social housing at an enormous discount, subsidised by taxpayers, and to the detriment of future generations.
 
JohnD said:
No, I mostly live in the UK.

You are pretending not to notice that I said "buy"

Older people who bought a house years ago may still live in one. Many retired people live in one. Many years ago, some of them were able to buy social housing at an enormous discount, subsidised by taxpayers, and to the detriment of future generations.
Click to expand...

Subsidised ?? Hmmm
 
JohnD said:
No, I mostly live in the UK.

You are pretending not to notice that I said "buy"

Older people who bought a house years ago may still live in one. Many retired people live in one. Many years ago, some of them were able to buy social housing at an enormous discount, subsidised by taxpayers, and to the detriment of future generations.
Click to expand...
It is possible for “ordinary working people” to buy a house with a garden in many parts of the U.K.
 
diy_fun_uk said:
On the bib I tend to agree with you. I think, if CEO remuneration packages were capped (globally, with everyone strictly adhering to it) at say 30x typical worker, those who want to climb the greasy pole to become CEO would still have the drive and determination to do so. If nothing else because earning hundreds of thousands is still preferable to earning tens of thousands.

OT but it's like top sports, let's take football. Top players can earn £500k+ weekly. It was on the telly box yesterday about one of the top premier league clubs currently struggling financially. Their player wage bill accounts for something like 95% of their monthly expenditure. So what's happening? Ticket prices are increasing.

If, globally, football player salaries were capped at say £200k weekly (strictly adhered to by clubs) the individuals who strive to reach the top in that game would surely still have the drive to do so?

We've created this economic system where 'the markets dictate', however one thing's for sure. It has led to greater wage inequality and for consumers, higher prices.

There needs to be some sort of reset, however what that is I don't know.
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Thank you, it’s good to see we can reach consensus on something at least.


I totally agree with your last sentence: “There needs to be some sort of reset, however what that is I don't know.”


back in the 1970s it was the case that a husband could earn a salary that was enough for the family to live on and the wife stay at home to bring up the children…..but now we have 2 parents working and they still don’t have enough money to really survive.

And why do we have millions getting tax credits…..surely the employer should be paying enough to not need the govt to subsidise wages.

Clearly the cost of housing is a huge factor….people are increasingly trapped in rent which they can’t afford, but at the same time landlords aren’t making any money, so the left wing ideas of rent controls are nonsense. And whilst the Labour parties idea of forcing rented property to achieve an energy efficiency of C, is well intentioned, all it will do is reduce supply and push up rent.
 
motorbiking said:
It is possible for “ordinary working people” to buy a house with a garden in many parts of the U.K.
Click to expand...
No it isn’t.

Let’s take a person living in a rented property.

Please show me the sums as to how they can save up the deposit
 
Notch7 said:
back in the 1970s it was the case that a husband could earn a salary that was enough for the family to live on and the wife stay at home to bring up the children…..but now we have 2 parents working and they still don’t have enough money to really survive.

And why do we have millions getting tax credits…..surely the employer should be paying enough to not need the govt to subsidise wages.

Clearly the cost of housing is a huge factor….people are increasingly trapped in rent which they can’t afford, but at the same time landlords aren’t making any money, so the left wing ideas of rent controls are nonsense. And whilst the Labour parties idea of forcing rented property to achieve an energy efficiency of C, is well intentioned, all it will do is reduce supply and push up rent.
Click to expand...
Yeah you said all that a load of times. Much of it has been answered.
Oh you want "the employer" to pay? Where from?

Still no suggestion what you'd do about it.
Empty vessels.....
 
Getting back to the op - the answer is, of course, no.

Happy to help. (y)

Carry on...
 
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