Excess and the City
In an earlier blog posting, I asked: how big should income differentials be? I return to the subject now because this week the Financial Services Authority reveled information on earnings last year in the City of London.
While most people in Britain struggled to cope with the economic recession caused by the irrational exuberance of those working for financial institutions, more than 2,800 people took home more than 1ドル million. Are these people really worth so much more than teachers or nurses?
This entry was posted on Sunday, August 1st, 2010 at 10:28 am and is filed under British current affairs. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.