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 Are Fat Cats being greedy? 

Are Fat Cats being greedy?

Continually we hear about the fat cats of industry ripping off the companies and their share holders, but what does a fat cat really do to earn the millions of dollars each year?

Only recently, Alan Joyce, the CEO of Qantas was voted a 71 percent wage increase, or some two million dollars extra each year.

That equates to over $3800 extra per week - Is anyone worth that much of a wage rise?

The CEOs at our big banks earn millions of dollars per year and gain additional sweetner bonuses each year.

The Average Joe who works any where between 40 and 80 hours a week, doesn't earn anywhere the ammount these Fat Cats are being paid.

Weekly average wages is less than $1000 per week, ot about $50,000 per year.

If you are lucky enough to work in a mine site oe some fly-in fly-out job you will earn about $2,000 to $4,000 per week.

These figures are no where the same as the fat cat salary increases being given to the lucky few.

The inequate between the rich, which includes our fat cats and the low wage earner is increasing triple-fold, if not more.

The rich are getting richer, while the poor are getting poorer, and there are more people getting poor every day.

For a place we once called the 'Lucky Country', it's all turned to shit, except for the Fat Cats.

Something has to be done to change this imbalance.

What do you think?

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Sun City News Blog
Welcome to 2011, as editor of the Sun City News, I intend to update my blog regularly, featuring local news bits, local dribble and useless titbits. I welcome your contribution.

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