UK authorities will have to rethink how they treat retail giants

British society over the past two decades has increasingly linked the SUPERMARKET to a variety of events in its city - the impoverishment of the middle class and the rising incomes of the rich, binge drinking, obesity, environmental and agricultural problems. At first glance, it seems odd that a major grocery store is responsible for this. But the statistics are inexorable. The skewed wages of its workers are particularly notable. The latest figures from UK supermarket reports show that workers are paid hourly rates well below the living wage, even though in the last financial year giants such as Tesco made a profit of £3.8bn, Asda £803m, Sainsbury`s £827m and Morrisons £874m. As a result, cheap, almost free labor on the one hand and super profits on the other, means abundant rewards for the organizers of this action. For example, according to the latest figures, Sainsbury's chief executive Justin King received £3.2m and his Tesco colleague Philip Clarke £6.9m. This is despite the fact that the richest companies in the country, at present, continue to be subsidized by the state.
There is a myth that supermarkets create jobs. Figures from annual reports show that the number of full-time employees at Tesco and Sainsbury's has actually fallen in the last two years. The demise of small stores has actually led to a fall in employment.
To be continued...

According to the foreign press for ForTrader.ru