11 Dec '11, 8pm

Elite #bankers destroy £7 in value for every £1 they create, according to #NEF report. Read: #OccupyLSX #OccupyLondon

As City bankers plan how to spend their generous Christmas bonuses, a report from nef (the new economics foundation) published today, Monday 14 December 2009, unveils a new method for calculating the true value to society of different jobs. A Bit Rich? Calculating the real value to society of different professions questions whether pay reflects the true value of different jobs and shatters some of the myths used to justify high pay. Controversy over bankers’ bonuses raises fundamental questions, not just about the pay of senior executives, but also about the relative value of everyone’s work in society. A Bit Rich? brings an entirely new perspective to this issue, using a robust valuation method, Social Return on Investment, to quantify the social, environmental and economic impacts of six professions, looking at how each produces – or destroys – value for society. For eac...

Full article: http://www.neweconomics.org/press-releases/hospital-clean...

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