Studies show that the pay gap between workers and bosses is record high this year

The pay gap between workers and bosses is record high this year, research shows.

Wage ratios comparing executives to average employees declined during the pandemic, when bosses cut salaries and waived bonuses.

Unrest: The study comes amid a riot of shareholders over the remuneration of executives

But the think tank High Pay Center shows that of the 69 companies reported this year, the average wage rate was almost twice as high as a year earlier.

The study comes amid a rebellion of shareholders over the remuneration of executives.

The Center for High Wages said the pay cut during Covid meant that the average CEO of FTSE 350 was paid 44 times more than their average employee last year – up from a record 53 the previous year.

But the figure for companies that report this year is now at a new high – 63.

Analyst Center Director Luke Hildyard said: “Employers play a key role in balancing their salaries so that high, medium and low salaries are obtained fairly and proportionately.”

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