Wednesday, January 20, 2010

Cleaners Worth More Than Bankers?

It was reported by the New Economics Foundation (NEF) that 'hospital cleaners are worth more to society than City Bankers.' The NEF devised new methodology to calculate the social value of different jobs. They concluded that 'hospital cleaners create more than £10 in value for every £1 they receive in pay.' And that 'bankers who earn over £500,000, destroy £7 of value for every £1 they create.' When I told Ethel, a hospital cleaner whose worked on the same ward for over thirty years, she replied 'that information is worth far more to me than any City bonus!' One thing I know for sure - Ethel, you're one in a million.

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