Prime Minister and top footballers 'are overpaid'
Forget fat-cat pay deals, five- figure weekly Premiership wage packets and vast royalties for famous literary names: celebrities, captains of industry and the prime minister are worth a fraction of what they earn, a new poll reveals today.
A survey of what makes a "reasonable" wage shows the gulf between most people's idea of a fair day's pay for a day's work and what is actually taken home.
Premiership football stars are worth only £62,000 a year, a tenth of their average earnings, while the chief executives of top companies should command annual salaries of no more than £120,000 - a world away from the FTSE 100 average of more than £750,000, according to the poll for the Fabian Society, the Labour think-tank.
Only 13 per cent of people believed that top managers in leading companies should be paid more than £500,000, while only 9 per cent thought Premiership footballers were worth more than £500,000 a year.
The YouGov survey of 3,000 people found that best-selling authors should only receive £80,000 a year, while a reasonable pay packet for Prime Minister Gordon Brown was £135,000, more than £50,000 less than his actual salary of £187,000.
The poll shows that people regard £70,000 as fair pay for a GP - real average salaries are more than £100,000. But the pay of a secondary-school headteacher is seen as fair. The poll put reasonable salaries as £62,000, just below the real average of £63,600.
The poll, part of a major research project into fairness in Britain, due to be published this autumn, showed public support for significant pay rises for some trusted workers.
Experienced nurses, who earn a mid-career average of around £26,000 are thought to be worth £33,000 a year, while plumbers, who earn around £24,000 are said to be worth £28,500.
Supermarket check-out workers, who can earn around £12,000 a year, are said to be worth £15,000 and staff in fast-food outlets are thought to be worth £14,000.
Tom Hampson, one of the report's authors, said the survey showed that people instinctively reacted against high earnings and wanted more fairness in society.
When asked who was worth £1m a year, the top rated profession - best-selling authors - were backed by only 6 per cent. Only 5 per cent said a top industrialist should command a £1m salary.
Are they really worth it?
Job/Poll wage/Real average
Prime Minister/£135,000/£187,000
Company MD/£120,000/£750,000
GP/£70,000/£103,000
Premiership footballer/£62,000/£676,000
Secondary headteacher/£62,000/£63,600
Hospital nurse/£33,000/£26,000
Bus driver/£22,500/£19,500
View all comments that have been posted about this article.
Offensive or abusive comments will be removed and your IP logged and may be used to prevent further submission. In submitting a comment to the site, you agree to be bound by the Independent Minds Terms of Service.
- Print Article
- Email Article
-
Click here for copyright permissions
Copyright 2009 Independent News and Media Limited
