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The simple arithmetic and hard facts of our survival and standard of living

Published online by Cambridge University Press:  04 July 2016

P. G. Hall
P. G. Hall*
Affiliation:
British Aerospace
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Extract

Tosurvive,every employee inBritishAerospace must recover or earn in the market place, each and every year:

Salary (including overtime, pension, social security, etc)£4400(a)(69%)
External Costs of running plant, offices, etc (bought-out services)£700(11 %)
Surplus (corporation tax, re-investments, (depreciation and/or expansion), interest on borrowed money, etc)£1250(20%)
£6350(b)

(These figures are the approximate actual figures for every employee in the British Aerospace Corporation in the year 1977.)

Type
Research Article
Information
The Aeronautical Journal , Volume 82 , Issue 815 , November 1978 , pp. 457 - 466
Copyright
Copyright © Royal Aeronautical Society 1978 

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References

The Keynote Address given at the Spring Convention ‘People, Productivity and Motivation’ held on 17th/18th May 1978.