UNDERSTANDING?

Is this a sign of things to come? Will wages go up significantly, or relatively to the abhorrent levels of executive pay. Thinking about this – the pay of someone who has gambled their life savings or whatever on a venture is different from the executive who uses contacts and influence to sit on a board of companies. Do they just turn up, sip water from Himalayan glaciers and nod sagely. George Osborne has several directorships – what does he actually do other than tap up old boy networks?

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