Thursday, November 17, 2005

Of gooses and ganders

The Australian Financial Review reported yesterday that average Executive remuneration has risen 16% in the last year for the listed ASX top 300 companies. Today it reports the ABS wages report showed average worker salaries are up 4.2% in the year, the highest growth since the survey began 8 years ago. Australia used to pride itself on being a nation of egalitarian battlers. With growth rates like that, the middle class country will be polarized as the working rich and the working poor. Maybe the "Fair" industrial relations reforms will fix that....?

Prior posts:
http://guambatstew.blogspot.com/2005/09/executive-wealth-creation.html
http://guambatstew.blogspot.com/2005/08/eye-of-beholder.html
http://guambatstew.blogspot.com/2005/08/dont-mention-executive-pay.html

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