The Gap Between Rich and Poor Explained in 3 Minutes | Dominic Frisby | FINANCIAL SENSE: "The gap between rich and poor is the widest it’s ever been in history. And it keeps on getting wider.
Plato is purported to have said that, ideally, the person at the top of an organization should earn 6 times more than the person at the bottom. J.P. Morgan said it should be 20 times.
Barclays are currently advertising for a cashier in one their West Midlands branches (near Birmingham in the UK) , salary £12,665. If I multiply that by 500 times I still don’t get to the £6.5 million bonus (on top of £250,000) that Bob Diamond, the Barclays boss, was recently awarded."
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