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If you don't your coworkers will and you will be left behind, or need to job hop for parity.
"Bailey was paid £575,538, including pension, in his first year as the Bank's governor from March 2020, more than 18 times the UK average for a full-time employee."
though likely much less than he'd earn if he quit today and went to the private sector.
This is hilarious. Workers should accept below market wages to help the economy? Mr. Bailey appears to have forgotten the difference between employment and charity work.
Translation: Everyone ask for a large raise and refuse to work until the Chief Executive realizes he ain't worth squat without everyone below him.

Honestly, it amazes me the nerve of people like that.