We need accounting for employees

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The FT has reported today that:

More than four-fifths of employees at PwC UK come from a higher socio-economic background, according to data that for the first time show the difficulty facing many from poorer families of breaking into professional services.

First, congratulations to PWC for publishing this data. That took some courage. I acknowledge it.

Second, the data is worrying. What it makes very clear is how limited is the opportunity to move social position within a society that is deeply divided by class. How to tackle that issue remains very largely unknown, but acknowledgement of the issue is a key first step.

Third, in that case what this suggests is that better data on many aspects of employment is required from employers. Gender, class, and race and ethnicity pay gaps are all required now by that most important of stakeholders of all corporations, which is what employees are.

There is no accounting standard on this issue. There should be. It's on my list.


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