The High Pay Centre has estimated that FTSE 100 chief executives pay will overtake the average pay of British workers before noon on Tuesday.
They will have to work less than three days of this year for their pay to surpass the average yearly salary of a full-time worker.
Chief executives of UK blue chip companies will see their annual salary stand at £4.4 million, this is an hourly rate of £1,353.23, compared to a typical salary of £39,039 of a full-time worker.
Andrew Speke, interim director of the High Pay Centre said, “The idea that executives, as a class, are individually contributing over 100 times more in value than the workers they rely on is simply not credible.”
Andy Prendergast, the national secretary of the GMB union, said, “But fat cats are still creaming it in. That’s why the Employment Rights Act is so crucial: to give workers a level playing field to get the pay they deserve.”
Paul Nowak, general secretary of the Trades Union Congress (TUC), said, “The Government must act to rein in boardroom greed – including by guaranteeing workers a seat on executive pay committees.”
