Wednesday, December 16, 2009

Insert Stridently Leftist Slogan Here

A recent study released by the New Economics Foundation has quantitatively demonstrated that hospital cleaners are far more valuable to society than banking executives.

They found that for every pound earned in wages, those who clean hospitals created 10 pounds worth of social value, while for every pound generated by bank executives about seven are destroyed through their reckless speculation and the stress on the financial system they produce.

Not to be so radical as to point out that Marx demonstrated this principal damn near 200 years ago now, but it does seem to still be true that people who actually do something for a living create value, while people who do nothing but push money around and get giant salaries and bonuses don't really create anything worthwhile...

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