The wage gap between rich and poor has grown exponentially across the capital over the last decade, the TUC revealed in an analysis of pay released yesterday.
The bottom 10 per cent of workers in London and south-east England have seen their wages fail to keep pace with top earners, with the gap widening by a jaw-dropping 14 per cent since 2000.
Announcing the union body's findings TUC general secretary Frances O'Grady (pictured) said inequality "is likely to become even more entrenched" if proactive measures aren't taken.
And the problem is clearly not exclusive to the capital.
While bottom-tier earnings in Britain as a whole have grown by around 42 per cent in the last 13 years, the best-paid people in the country have seen an increase of 50 per cent.
As a result, high earners are making a staggering £17,000 more per annum than they did at the turn of the milennium - more than the entire salary of a minimum-wage worker on £14,678.
"Everyone must benefit from the recovery, not just those at the top," Ms O'Grady added.
"The TUC wants to see a greater commitment to pay the living wage from both government and employers, a crackdown on excessive executive pay and modern wages councils which could set higher minimum wages where employers can afford to pay more.
Only Wales and south-west England seem to escape the trend of growing inequality with the Welsh pay gap down by 0.7 per cent.
However Wales TUC general secretary Martin Mansfield said this was no indication that there were better living standards in his constituency.
The data collected seems to suggest that rather than Welsh low-waged workers being better off, the best-paid workers in the region are not making as much.
"The dominance of London and the south-east, and the finance sector in particular, has undermined growth, jobs and wages in Wales and many other parts of Britain," said Mr Mansfield.
The TUC is hosting its first Fair Pay Fortnight from today until April 6
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by joining the 501 club.
Just £5 a month gives you the opportunity to win one of 17 prizes, from £25 to the £501 jackpot.
By becoming a 501 Club member you are helping the Morning Star cover its printing, distribution and staff costs — help keep our paper thriving by joining!
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by become a member of the People’s Printing Press Society.
The Morning Star is a readers’ co-operative, which means you can become an owner of the paper too by buying shares in the society.
Shares are £1 each — though unlike capitalist firms, each shareholder has an equal say. Money from shares contributes directly to keep our paper thriving.
Some union branches have taken out shares of over £500 and individuals over £100.
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by donating to the Fighting Fund.
The Morning Star is unique, as a lone socialist voice in a sea of corporate media. We offer a platform for those who would otherwise never be listened to, coverage of stories that would otherwise be buried.
The rich don’t like us, and they don’t advertise with us, so we rely on you, our readers and friends. With a regular donation to our monthly Fighting Fund, we can continue to thumb our noses at the fat cats and tell truth to power.
Donate today and make a regular contribution.