CEO salaries show need for action on income inequality
June 8, 2016
For Immediate Release
Halifax, NS – A story in allNovaScotia.com this morning highlights CEO salaries in Atlantic Canada and demonstrates the need for urgent action to address income inequality in Nova Scotia.
The allNovaScotia.com story shows the CEO of Empire Co. Ltd. (Sobeys) received a 78% increase this year, bringing his compensation to $8.58 million. The CEO of Emera made $4.31 million. Various other CEOs are listed in the report as well.
“The 1% continues to make multiple millions annually while the vast majority of people in our province are struggling to get by,” says Gary Burrill, Leader of the Nova Scotia NDP. “130,000 workers in Nova Scotia make under $15 an hour. Over 44,000 people are served by food banks. 32,000 kids live in poverty. Something has to change.”
In the spring session of the House, the NDP introduced legislation to increase the minimum wage to $15 an hour over three years. The NDP also introduced grocery security legislation that would ensure everyone in Nova Scotia is able to get their food at a grocery store instead of at a food bank.
Stephen McNeil and the Liberal majority government declined to bring these bills forward for a vote in the Legislature.
On May 12, Gary challenged Stephen McNeil to a debate on the minimum wage. So far the Premier has not accepted the challenge.
“Surely there’s a limit to the extent of income inequality that should be permitted,” says Burrill. “And surely now we’re passed that limit.”
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For more information please contact Kyle Buott at (902) 266-2068