'Bosses’ pay increased by 45 percent last year . . .' (2011)

From the June 2011 issue of the Socialist Standard

 In response to TUC calls to ‘pay your workers more’, the annual Institute of Directors meeting retorted that ‘the world is full of dreamers’ and instead bewailed the profligate spending habits of the average worker: “We’re all told you must go on holiday all the time and do all these other things ... There’s more to be gained from teaching employees how to manage their money more effectively than giving them more money to mismanage” (‘Bosses’ pay increased by 45 percent last year, but the Institute of directors won’t give you a rise’, Observer, 15 May).