Gut-busting inflation

opinions4u

Rollinghome wrote: »

So bonuses similar to those taken by bankers going to public sector workers and pay rises at the top to match the 23% enjoyed by FTSE 100 directors during the 2009/10 financial year. It’s an interesting idea.

Some public sector examples of the same lunacy in this link.

talexuser

great link.

GeorgeHowell

Rollinghome wrote: »

So bonuses similar to those taken by bankers going to public sector workers and pay rises at the top to match the 23% enjoyed by FTSE 100 directors during the 2009/10 financial year. It’s an interesting idea.

I did say job for job. The solution to the disparity regarding bank bonuses should be to curtail them, not to try to match them in the public sector. Other than that, as someone has indicated, the public sector is anyway not immune from eyebrow-raising remuneration packages. But above all public sector senior management jobs are not comparable with private sector in that they lack the same element of dealing with risk. Private sector companies generally operate in a more uncertain environment due to the vagaries of markets. No public sector boss can put his organisation out of business by making bad decisions (although Gordon Brown had a jolly good try). I acknowledge that once again the banks are the exception -- too big to fail and all that. But they are a special case which needs dealing with specially, and this does not invalidate the argument for the rest of the economy.