City workers salaries

dbonbon

studentphil wrote:

What do people make of them getting tens of thousands in bonuses?

Good on them.

studentphil wrote:

Really they don't work any harder than many nurses or charity workers for example

I'll get my violin out shall I? (If nurses pulled their fingers out a bit more we wouldn't have this MRSA problem)

studentphil wrote:

so it could be seen as pure greed rather than healthy rewards.

Jealousy is not healthy

:easter_os

magyar

Just to add something to this debate. I just came out of a meeting discussing trading systems (specifically the electricity supply market) and was just staggered by the complexity and intricacy of the systems in place.

(I don't actually work in this area, but my company will be supplying information to people who do).

Anyone who thinks that these people just talk on phones saying "buy low! sell high! greed is good!" is quite wrong...

studentphil

People might work hard for their dosh but it still does not really answer the ethical issues, do self interested, profit driven people take our world in the right direction?

Is it reasonable for someone to own many homes when that excludes many others from owning a home at all?

magyar

studentphil wrote:

People might work hard for their dosh but it still does not really answer the ethical issues, do self interested, profit driven people take our world in the right direction?

Which of these is a 'profit driven' person?

a) a charity worker, trying to raise money for famine relief
b) a commercial lawyer
c) someone working for minimum wage in a shop

studentphil

magyar wrote:

Which of these is a 'profit driven' person?

a) a charity worker, trying to raise money for famine relief
b) a commercial lawyer
c) someone working for minimum wage in a shop

It is not issue exclusive to city workers, but they are a very direct system where thei work equals profit direct to them. It happens in other jobs too but it is more of a pressing issue where jobs are directly linked to sales commission.


The prue scale and value of city work in its impact makes it unique as well.

magyar

studentphil wrote:

It is not issue exclusive to city workers, but they are a very direct system where thei work equals profit direct to them. It happens in other jobs too but it is more of a pressing issue where jobs are directly linked to sales commission.


The prue scale and value of city work in its impact makes it unique as well.

That doesn't answer the question, though. All of the above are profit-driven, and crucially would not exist without the economic system which gives rise to traders.

All I'm saying is that you're trying to remove one card in a huge tower without much thought for whichever other cards are in it.

studentphil

magyar wrote:

That doesn't answer the question, though. All of the above are profit-driven, and crucially would not exist without the economic system which gives rise to traders.

All I'm saying is that you're trying to remove one card in a huge tower without much thought for whichever other cards are in it.

Okay, then if you can not remove them. Why should all that wealth be based in London? What about having these firms based in Manchester, Newcastle, Sheffield? It seems somewhat unfair to have all the best paying jobs in London when there are almost no jobs paying more than 20 000 PA in the North.

If you have to stick with system, why not spread these jobs around just prove it is not a South only club.

Gabriel-Ernest

Because London is the busiest city in the world in terms of global finance; it has an international reputation as such and has had for several hundred years. It's where global clients expect to find the services. There are other kinds of firms based around the country, but London is the place to go for investment finance. You can complain if you like, but I don't think much of your chances against the tide of history.

feelinggood_2

studentphil wrote:

there are almost no jobs paying more than 20 000 PA in the North.

Do you have any evidence to back that up Philly boy? Most people I knew up north earnt well over 20K a year

magyar

studentphil wrote:

Okay, then if you can not remove them. Why should all that wealth be based in London? What about having these firms based in Manchester, Leeds, Sheffield? It seems somewhat unfair to have all the best paying jobs in London when there are almost no jobs paying more than 20 000 PA in the North.

If you have to stick with system, why not spread these jobs around?

Somewhat changing the subject, Phil!

Anyway, you're quite wrong. Loads of good jobs to be found outside London nowadays and the three centres you've just mentioned all have their own business districts and you can earn plenty of money there.

Most people in London earn perfectly normal wages.