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http://news.bbc.co.uk/2/hi/business/8410489.stm
New research carried out by the London based think tank New Economics Foundation concludes that hospital cleaners are more valuable to society by creating £10 of value for every £1 of pay. Bankers on the other hand destroy £7 of value for every £1 they earn. BBC News reports on some interesting findings from this study:
She said the aim of the research is not to target individuals in highly paid jobs. "The point we are making is more fundamental - that there should be a relationship between what we are paid and the value our work generates for society. We've found a way to calculate that.
The study analyzed 6 jobs: banker, childcare worker, hospital cleaner, advertising exec., tax accountants and waste recycling workers. Some of the study's findings include:
Elite Bankers: are a drain on the country because of the damage they caused to the global economy. [Instead they] are being handsomely rewarded [with lavish bonuses] for bringing the global financial system to the brink of collapse.
Advertising Executive: The industry encourages high spending and indebtedness. They are responsible for campaigns which create insatiable aspirations, fuelling feelings of dissatisfaction, inadequacy, stress and misery, and encourage over-consumption. Top advertising executives destroy £11 of value for every pound in value they generate.
Now in case you are thinking that our banker and advertising buddies are at the very bottom of the list, fear not - the last spot is reserved for tax accountants who destroy £47 of value for every £1 of pay. See there is hope in this world. Bankers are not the worst people after all.
New research carried out by the London based think tank New Economics Foundation concludes that hospital cleaners are more valuable to society by creating £10 of value for every £1 of pay. Bankers on the other hand destroy £7 of value for every £1 they earn. BBC News reports on some interesting findings from this study:
She said the aim of the research is not to target individuals in highly paid jobs. "The point we are making is more fundamental - that there should be a relationship between what we are paid and the value our work generates for society. We've found a way to calculate that.
The study analyzed 6 jobs: banker, childcare worker, hospital cleaner, advertising exec., tax accountants and waste recycling workers. Some of the study's findings include:
Elite Bankers: are a drain on the country because of the damage they caused to the global economy. [Instead they] are being handsomely rewarded [with lavish bonuses] for bringing the global financial system to the brink of collapse.
Advertising Executive: The industry encourages high spending and indebtedness. They are responsible for campaigns which create insatiable aspirations, fuelling feelings of dissatisfaction, inadequacy, stress and misery, and encourage over-consumption. Top advertising executives destroy £11 of value for every pound in value they generate.
Now in case you are thinking that our banker and advertising buddies are at the very bottom of the list, fear not - the last spot is reserved for tax accountants who destroy £47 of value for every £1 of pay. See there is hope in this world. Bankers are not the worst people after all.
