Red cat lying on the sofa.

Fat cats

Here are two facts that help to put things in perspective as we go back to work.

First, by the end of today, the average Chief Executive of a FTSE 100 company will have been paid more than the average employee earns all year.

That’s annoying, right?

Second, by the end of today, the same average employee will have been paid more than the average Ethiopian earns all year.

(Thanks to Simon Maxwell for pointing out the second of these facts. It is already true at market exchange rates; and will be true at purchasing power parity at the end of the week.)

 

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Owen Barder

Owen is Senior Fellow and Director for Europe at the Center for Global Development and a Visiting Professor in Practice at the London School of Economics. Owen was a civil servant for a quarter of a century, working in Number 10, the Treasury and the Department for International Development. Owen hosts the Development Drums podcast, and is the author Running for Fitness, the book and website. Owen is on Twitter and