Solidarity TD MICK Barry this morning called for a a 'dramatic narrowing' of the pay gap between bosses and workers and has proposed a number of measures to fight the growing inequality in Irish society.His call came after the IRISH TIMES reported that the bosses of Ireland’s top 20 companies (ISEQ 20) are paid on average 33 times more than their staff.
Average pay for an ISEQ 20 CEO now stands at €1.88 million per annum compared to an average pay rate for ISEQ 20 employees of €55,595, a differential of 33 to 1.
Solidarity TD MICK Barry this morning slammed Ulster Bank’s decision to sell more than 5000 distressed Irish home loans to a vulture fund.He said the government’s refusal to block mortgage sales to vultures would open the door to homelessness levels well above the 10,000 rate.
Deputy Barry called on the State to intervene at Ulster Bank, Permanent TSB and KBC. He called for measures to be taken to secure state ownership of properties with severe arrears and the rolling out a mortgage to rent scheme.The Cork North Central TD warned that these measures are necessary to prevent “an explosion in homelessness” by renting to those who cannot repay mortgages.
Now is the time for Solidarity
The conservative, right-wing politics of the establishment provide no future for young people, women and workers. All they offer is inequality, austerity and bigotry. They support the capitalist market which is driven by the ruthless drive for profit and is incapable of meeting our needs. Solidarity is about bringing together all those oppressed and exploited by this rigged system into a new political movement for the millions, not the millionaires. Join us today.