Posted on Tuesday, 2nd February 2010 - 12:17 pm
Cleaners Worth More Than Bankers
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.
Waste workers promote recycling, researchers note
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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 rather than those
that generate profits at the expense of society and the
environment".
Tax accountants are said to destroy £47 in value for
every £1 generated
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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.
A total of six different jobs were analysed to assess their
overall value. These are the study`s main findings:
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