Pat Rabbitte, former leader of the Labour Party expressed in an interview fears growing economic inequality in society would threaten “the future of liberal democracy”. He believes governments must act to arrest the trend.
“I think we’re in very serious circumstances,” he said. “I mean, there was a time if the chief executive was earning 10 times what the guy on the floor was earning, that was a big story. Now he’s earning ‘500 times’ or more what the worker in the office is earning.
“When you have two people on decent, modest salaries who can’t afford to put a roof over their heads, liberal democracy and confidence in politics is at risk. And you can see across the water in the neighbouring island where there are doubts arising about the governability of the country.”
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