Monday, December 14, 2009

Cleaners 'worth more to society' than bankers - study

You can't make this shit up! Here in the South African government the cleaners already have the highest status amongst the workers (bar the Minista and a few deputies, of course) and see how well that is working for us. Heh heh.

By Martin Shankleman, BBC News

Hospital cleaners are worth more to society than bankers, a study suggests.

The research, carried out by think tank the New Economics Foundation, says hospital cleaners create £10 of value for every £1 they are paid.

It claims bankers are a drain on the country because of the damage they caused to the global economy.

They reportedly destroy £7 of value for every £1 they earn. Meanwhile, senior advertising executives are said to "create stress".

The study says they are responsible for campaigns which create dissatisfaction and misery, and encourage over-consumption.

And tax accountants damage the country by devising schemes to cut the amount of money available to the government, the research suggests.

By contrast, child minders and waste recyclers are also doing jobs that create net wealth to the country.

The Foundation has used a new form of job evaluation to calculate the total contribution various jobs make to society, including for the first time the impact on communities and environment.

Eilis Lawlor, spokeswoman for the New Economics Foundation, said: "Pay levels often don't reflect the true value that is being created. As a society, we need a pay structure which rewards those jobs that create most societal benefit [and who is to decide what is a social benefit?? F*cking socialists] rather than those that generate profits at the expense of society and the environment".

She said the aim of the research was not to target individuals in highly paid jobs, or suggest people in low paid jobs should earn more.

"The point we are making is more fundamental - that there should be a relationship between what we are paid and the value our work generates for society. We've found a way to calculate that," she said. [oh sorry, stupid me. YOU get to decide then and who am I to object?]

A total of six different jobs were analysed to assess their overall value. These are the study's main findings:

The elite banker
"Rather than being wealth creators bankers are being handsomely rewarded for bringing the global financial system to the brink of collapse

Paid between £500,000 and £80m a year, leading bankers destroy £7 of value for every pound they generate".

Childcare workers
"Both for families and society as a whole, looking after children could not be more important. As well as providing a valuable service for families, they release earnings potential by allowing parents to continue working. For every pound they are paid they generate up to £9.50 worth of benefits to society."

Hospital cleaners
"Play a vital role in the workings of healthcare facilities. They not only clean hospitals and maintain hygiene standards but also contribute to wider health outcomes. For every pound paid, over £10 in social value is created."

Advertising executives
The industry "encourages high spending and indebtedness. It can create insatiable aspirations, fuelling feelings of dissatisfaction, inadequacy and stress. For a salary of between £50,000 and £12m top advertising executives destroy £11 of value for every pound in value they generate".

Tax accountants
"Every pound that a tax accountant saves a client is a pound which otherwise would have gone to HM Revenue. For a salary of between £75,000 and £200,000, tax accountants destroy £47 in value, for every pound they generate."

Waste recycling workers
"Do a range of different jobs that relate to processing and preventing waste and promoting recycling. Carbon emissions are significantly reduced. There is also a value in reusing goods. For every pound of value spent on wages, £12 of value is generated for society."

The research also makes a variety of policy recommendations to align pay more closely with the value of work.

These include establishing a high pay commission, building social and environmental value into prices, and introducing more progressive taxation.

8 Opinion(s):

Anonymous said...

Marxist propaganda to prepare the sheeple for the socialist utopia that awaits us all.

When it happens I'm going to stop working as an engineer (to stressful) and become a child minder.

It sounds as if the benefits may also be better, as I will be creating more wealth, African style.

Definition of African style in terms of economics: To become destitute ASAP.

Anonymous said...

If it was not for bankers who create fake wealth there would be no money to be spent on advertising and hence no jobs and hence no need for child minders.

Anonymous said...

A total of six different jobs were analysed to assess their overall value.

* The elite banker
* Childcare workers
* Hospital cleaners
* Advertising executives
* Tax accountants
* Waste recycling workers

Unfortunately the study only compared these 6 types of jobs.

The Elite bankers control the world, so there is no way that you are going to curb their salaries, bar from hanging them all from trees.

As for accountants, they only mention the ones who's job entails doing taxation, thus the better they are at their job the more money they save for the individual, which then in turn means less money for government.

As if that is a bad thing?????

It is clear that a fawking socialist wrote the piece, because of it's perception that money is better in the hands of government than in the hands of the individual.

Anonymous said...

If cleaners are more important than bankers then streetsweepers must be worth ten times more than useless Black politicians. Who needs them? Why do we need these corrupt and criminal things who do absolutely nothing, and when they do, they just stuff everything up?

Dachshund said...

None of those jobs create anything at all.

Typical of these Marxists to leave out engineers, the backbone of any functioning civilisation. I suppose they want engineers to earn the same as street sweepers.

WHITEADDER said...

How does the value of a nosepicker
compare to the value of a crooked traffic cop ?

Anonymous said...

Cottonpickers and trenchdiggers...that is all they are good for.

Dachshund said...

WHITEADDER: Snot for taxpayers to say.