The average supermarket boss takes less than two working days to earn the annual salary of a minimum-wage employee, campaigners have said, calling on more employers to prioritise pay and conditions for frontline workers.
Analysis from the High Pay Centre has calculated that the average supermarket CEO earns the equivalent of 750 an hour, meaning it would take them just 23 hours and 15 minutes of work to earn the annual salary of someone working full time on the national living wage.
The current national living wage – the statutory minimum wage for those aged 23 and over – is 8.91 an hour.
The High Pay Centre also estimated that 350,000 supermarket workers in the UK – more than two in five (42 per cent) – were being paid less than the real Living Wage, as calculated by the Living Wage Foundation.
The real Living Wage – which is different from the national living wage – is calculated to be the minimum an individual needs to earn for them and their family to meet the costs of living, and is currently set at 11.05 per hour in London and 9.90 elsewhere.
Katherine Chapman, director of the Living Wage Foundation, said that while a record number of employers had signed up to become accredited real Living Wage employers, no supermarket has yet signed up to the scheme.
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