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Monday, September 05, 2011

bonus

do you remember when they told us we were all in it together?
did you like the way it evoked the churchillian spirit.
did you like the way it asked us to make sacrifices.
did you believe them?

of course not.

a recent study claims bosses' bonus have risen 187% since 2002.
the report points out that bonuses and salaries have risen faster than companies profits and their share values.

of course this is ok - it is not like public sector bosses wage and bonuses because their pay comes from taxes. so that is bad.

that said it is not like the, somewhat, over-inflated salaries of bosses does have an impact on us all. after all there is the issue of pensions and then they is the question of the price of goods and services. in order to pay the high salaries the money has to come from somewhere and that somewhere is us. us because we are the ones who pay for services that these companies provide. so if they are selling fewer items what do they do? they increase the prices and that is how they pay them.
see so those very rich bosses are actually taking money from our pockets.

it is nice to know that as the rest of us are seeing our standard of living dropping there are a few at the top who are seeing their standards rapidly improving.

so remember we are all in it together - well those of us who are not on excessive bonuses and salary packages.
still nice to know there are a few out there who are doing well.

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