Study finds hospital cleaners more valuable to society than bank
Bankers may be good at making money for themselves – and sometimes for their banks – but they are a drain on society, a study has found.
It says they effectively take £7 from the rest of us for every £1 they create.
Lowly-paid employees such as hospital cleaners and waste recycling workers are far more valuable according to the New Economics Foundation thinktank.
It rated different jobs on how much they help or hinder society through the social, economic and environmental effects of the work.
The researchers said the traditional view of bankers creating wealth which trickles down to others is no longer correct.
They helped bring the global financial system to the brink of collapse – causing jobs to be lost rather than created and increasing the public debt.
The report says advertising executives and tax accountants destroy even more of society’s wealth as they create their own.
Childcare workers, by contrast, free up potential wealth by helping parents keep working – generating up to £9.50 for every pound they are paid.</em>
Please share this with every Glen Beckian, “free market” nitwit you encounter.
