City workers salaries

Quasar

studentphil wrote:

Q, I know how commission / bonous work on a general described level.

I was talk about right/ wrongness of it. The issues are different.

Then you will understand, phil, as has been pointed out on this thread by other users, that a company will pay what it takes to get the right person for the job. If they can get thousands to do a job, the salary will fall. If the skill is rare, the salary will go sky high.

Companies are not run by stupid people and none of them will pay a penny more than strictly needed. A City worker has rare skills of numeracy, intelligence, mental fluency and resilience, plus a top degree, determination and stamina. You don't find all these qualities wrapped up inside one persom very easily, and when you do, you gotta pay for them.

studentphil

I find it profoundly wrong that you shpuld not question what these city firms or investors do. What then is the system so large that is it flying endlessly out of control on what direction? I think you need only need look at Commons(fish stock, for eg) to see what a system with no control results in.

Gabriel-Ernest

So what will you do practically to challenge it, Phil? Move your investments into ethical vehicles? Keep the cash under your mattress? Refuse to use electricity and gas because it's traded as forwards on an energy exchange, this providing fees to the member trading finance companies selling derivatives? Only eat locally-produced food? Only buy goods when there is confirmation that the overseas workers have been paid a fair wage?

piper5

Gabriel-Ernest wrote:

So what will you do practically to challenge it, Phil? Move your investments into ethical vehicles? Keep the cash under your mattress? Refuse to use electricity and gas because it's traded as forwards on an energy exchange, this providing fees to the member trading finance companies selling derivatives? Only eat locally-produced food? Only buy goods when there is confirmation that the overseas workers have been paid a fair wage?

i see youve got back on your feet since your last post in this thread!!:rotfl:

studentphil

Gabriel-Ernest wrote:

So what will you do practically to challenge it, Phil? Move your investments into ethical vehicles? Keep the cash under your mattress? Refuse to use electricity and gas because it's traded as forwards on an energy exchange, this providing fees to the member trading finance companies selling derivatives? Only eat locally-produced food? Only buy goods when there is confirmation that the overseas workers have been paid a fair wage?

That is it, you can not step outside the system as it is so huge. Even some like the Frankfurt school of Marxists thought that Capitalism has this ace ability to absorb most things that go against the system.

Quasar

studentphil wrote:

I find it profoundly wrong that you shpuld not question what these city firms or investors do. What then is the system so large that is it flying endlessly out of control on what direction? I think you need only need look at Commons(fish stock, for eg) to see what a system with no control results in.

Phil, start reading the Financial Times then. You will soon see what these companies and their people do. However understanding exactly how they arrive at their investments etc, would require you to have the same skills as theirs. Can you manage that?

Also: I do not know exactly how a TV set works. I know it's got all these wires and transistors and things inside, but I don't really need to know. All I have to do is press a few buttons, a simple operation, and it does the work I want it to.

Likewise, I don't know what a City worker precisely does at his desk, but I know that if he manages my investments correctly, I'll get a good return.

I'm happy to report my ISA is doing well?

Gabriel-Ernest

piper5 wrote:

i see youve got back on your feet since your last post in this thread!!:rotfl:

I've challenged him to open up the topic and explore his ideas further to see if he's thought them through ... haven't mentioned the mother, the girlfriend, the essays blah blah

Gabriel-Ernest

studentphil wrote:

That is it, you can not step outside the system as it is so huge. Even some like the Frankfurt school of Marxists thought that Capitalism has this ace ability to absorb most things that go against the system.

So if you've decided that the system can't be changed and nothing practical can be done, why are you berating others for reaching the same conclusion?

Ted_Bloke

Gabriel-Ernest wrote:

So what will you do practically to challenge it, Phil? Move your investments into ethical vehicles? Keep the cash under your mattress? Refuse to use electricity and gas because it's traded as forwards on an energy exchange, this providing fees to the member trading finance companies selling derivatives? Only eat locally-produced food? Only buy goods when there is confirmation that the overseas workers have been paid a fair wage?

Would there be anything wrong with the last one for example? Would it even be impractical? Has it never been done and had a positive effect?

Edinburghlass_2

So what was the conclusion drawn on the TV programme that featured this subject last night then studentphil, obviously where you got your thread start from.