{"id":18044,"date":"2019-05-14T15:39:35","date_gmt":"2019-05-14T14:39:35","guid":{"rendered":"http:\/\/unitelive.org\/?p=18044"},"modified":"2020-11-12T12:56:29","modified_gmt":"2020-11-12T12:56:29","slug":"not-all-bank-fat-cat-bankers","status":"publish","type":"post","link":"https:\/\/unitelive.test.igniteamt.com\/?p=18044","title":{"rendered":"\u00e2\u20ac\u015bNot all \u00e2\u20ac\u0098bankers\u00e2\u20ac\u2122 are fat cat bankers\u00e2\u20ac\u0165"},"content":{"rendered":"
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More than a decade on from the financial crisis, wages have still not fully recovered, with the average worker \u00c2\u014117 a week worse off than they were in 2009.<\/p>\n

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Nurses and teachers were among the hardest hit in a new TUC analysis<\/a> out on Tuesday (May 14) \u00e2\u20ac\u201c \u00c2\u00a0people employed in healthcare or education are, as a whole, \u00c2\u014134 a week worse off than they were a decade ago.<\/p>\n

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Workers in food manufacturing were among those who fared worst, with the average worker \u00c2\u014152 a week worse off than they were in 2009.<\/p>\n

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Some sectors fared better overall a decade on from the financial crisis, according to the TUC analysis, with finance topping the list \u00e2\u20ac\u201c on average, workers in finance were \u00c2\u0141119 a week better off than a decade ago.<\/p>\n

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But Unite national officer for finance Dominic Hook was quick to point out that the latest data obscures the reality for the finance sector members Unite represents, many of whom struggle on low wages.<\/p>\n

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\u00e2\u20ac\u015bThe workers in finance who we represent are a far cry from \u00e2\u20ac\u0098fat cat\u00e2\u20ac\u2122 bankers who rake in millions in salaries and bonuses in the City of London. Many of our members, from call centre workers, processing staff to bank branch staff and others, can be on salaries as low as \u00c2\u014118,000.<\/p>\n

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\u00e2\u20ac\u015bBecause the top earners in finance are so lavishly remunerated, this skews pay data in the finance sector, where so many workers are struggling and using tax credits to top up their wages just to make ends meet,\u00e2\u20ac\u0165 he added. \u00e2\u20ac\u015bNot all \u00e2\u20ac\u0098bankers\u00e2\u20ac\u2122 are fat cat bankers.<\/p>\n

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\u00e2\u20ac\u015bSince the financial crisis, it\u00e2\u20ac\u2122s been ordinary frontline bank workers who have paid for the mistakes of the few at the top \u00e2\u20ac\u201c tens of thousands of banking jobs were slashed after the crash, pensions schemes were closed and bank branches were shut,\u00e2\u20ac\u0165 he added.<\/p>\n

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\u00e2\u20ac\u015bAny discussion of the impact the financial crash has had on working people must acknowledge what low-paid finance workers have had to endure over the last decade. Unite members in the finance sector continue to bear the brunt of the excesses at the top of the financial services industry.\u00e2\u20ac\u0165<\/p>\n

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Inequality review<\/strong><\/em><\/p>\n

The TUC analysis comes as Nobel-prize winning economist Sir Angus Deaton warned on Tuesday (May 14) that Britain is following the lead of the US in becoming one of the most unequal nations on earth.<\/p>\n

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Deaton, who is leading a ground-breaking five-year review of inequality in the UK, told the Guardian<\/em><\/a>, \u00e2\u20ac\u015bPeople really feel that not everybody is having a fair crack anymore.<\/p>\n

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\u00e2\u20ac\u015bThere\u00e2\u20ac\u2122s a real question about whether democratic capitalism is working, when it\u00e2\u20ac\u2122s only working for part of the population.\u00e2\u20ac\u0165<\/p>\n

 <\/p>\n

Unite assistant general secretary Steve Turner welcomed Sir Deaton\u00e2\u20ac\u2122s review, and pointed to the latest TUC pay analysis as further proof that the post-crash economy was broken.<\/p>\n

 <\/p>\n

\u00e2\u20ac\u015bIt is a national scandal that more than a decade on from the financial crisis, ordinary working people\u00e2\u20ac\u2122s wages have still not recovered. Coupled with sky-rocketing living costs and government austerity policies, far too many families are falling through the cracks, struggling to feed their children and keep a roof over their heads.<\/p>\n

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\u00e2\u20ac\u015bThe people of this country deserve better, which is why we need a \u00c2\u014110 minimum wage, the banning of exploitative zero-hour contracts and better workplace access for unions who will help workers organise for better pay and conditions.\u00e2\u20ac\u0165<\/p>\n","protected":false},"excerpt":{"rendered":"

More than a decade on from the financial crisis, wages have still not fully recovered, with the average worker \u00c2\u014117 a week worse off than they were in 2009.   Nurses and teachers were among the hardest hit in a new TUC analysis out on Tuesday (May 14) \u00e2\u20ac\u201c \u00c2\u00a0people employed in healthcare or education […]<\/p>\n","protected":false},"author":2,"featured_media":6478,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[291,292,990,165],"wps_subtitle":"Bank bosses are raking it in, but bank staff and other workers come off worse than in 2009","_links":{"self":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/18044"}],"collection":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18044"}],"version-history":[{"count":2,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/18044\/revisions"}],"predecessor-version":[{"id":25287,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/18044\/revisions\/25287"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/media\/6478"}],"wp:attachment":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}