Sunday, December 13, 2009

Bankers vs Cleaners

The results of a recent study by the New Economics Foundation, a UK think tank, suggest that a cleaner is worth much more to society than a banker. A hospital cleaner can create £10 of value for every £1 they are paid, while bankers destroy £7 of value for every £1 they earn. Tax accountants do even greater damage.

Eilis Lawlor, spokeswoman for the New Economics Foundation, said: "Pay levels often don't reflect the true value that is being created. As a society, we need a pay structure which rewards those jobs that create most societal benefit rather than those that generate profits at the expense of society and the environment".

You can read the BBC article here, or read their whole report here.

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