Trade union GMB has calculated how high the minimum wage would be if the rate matched executive pay rises. GMB’s research underscores by just how much the statutory pay floor has failed to keep pace with executive earnings. the calculations show that if increases in the national minimum wage had kept pace with a chief executive, the hourly minimum would be £12.74 compared with £7.50 now for those 25 years and older. For a worker aged over 25 on 40 hours per week this would equate to a yearly minimum wage of £26,000 compared with the £14,664 they are currently earning.
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