Tuesday, Mar 02, 2010
Lest we gorget - some are doing just fine, thank you very much
Timesonline: Bumper year for Britain’s £10m banker
"Sixteen million workers, or more than half the UK's workforce, do not expect to get a pay increase this year, a survey suggests.
A further nine million expect to receive a pay rise below the level of inflation, the YouGov survey suggests.
The survey also suggests a third of consumers in the UK think they will be worse off this year than last." -taken from previous article, below.
-BUT THIS FELLA OBVIOUSLY DESERVES HIS BONUS - PERHAPS ALL THE BANKERS WHO GET THEIR PAY INCREASE/ OR BONUSES COULD LIFT THE ECONOMY ALL ON THEIR OWN.
Posted by bystander @ 08:55 AM (490 views) Add Comment
8 Comments
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1. Crunchy said...
Don't worry, the bank of the world will save us all.
2. Rental John said...
It is the age old story - wealth creation or wealth extraction, real engineering or financial engineering....
When the parasites suck the host dry.... either they die or slither over to attach to a new host.... wonder what bankers do?
3. bystander said...
Meant forget, in the title, obviously
4. letthemfall said...
gorge - an apposite slip bystander
5. icarus said...
Lift the economy? Yes, he'll be able to pay his tailor, coachman, butler, fool, gamekeeper and servants, who will spend their stipends in the local economy. Since money flows into assets already in place and not into production we need this kind of trickle down.
6. mr g said...
icarus@5 " he'll be able to pay his tailor, coachman, butler, fool, gamekeeper and servants, who will spend their stipends in the local economy. Since money flows into assets already in place and not into production we need this kind of trickle down."
I agree, just what the country needs, a return to the good old days. (said with irony)
7. bystander said...
rental john - the bankers are already attaching themselves to the bloated carcass of China and the other Bric countries. Heaven help us all when they have sucked them dry. Perhaps by then they would have discovered a far off planet called banker world and will all sod off.
8. easybetman said...
I suspect a godo chuck of bank profits now comes from super cheap money. We are forced to give those cheap money to commercial banks (otherwise, the whole financial system will go belly up), but giving these cheap money to the Investment banks as well so that they can make huge profits and hence huge bonus is kinna interesting.
At 5% interest rate, I am sure the IBanks profits would be far less spectacular and hence less spectacular bonuses.