BBC News Why bankers get ££s and you do not.mpg

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Uploaded by on Nov 26, 2009

Why should bankers get millions when you're working your butt off for 30k a year? Well if truth be known, there is not a single banker I have met who would justify why they deserve to earn many multiples of what a nurse or a teacher takes home. However they are paid these amounts because the laws of demand and supply are in play. If a bank could pay less, believe me, they would but then somone else would offer them more. Those who are fortunate enough to be in a job that could earn them millions are those who have fought tooth and claw to get that job and then fought some more to keep it. Competition is fierce to get a job in the financial industry and not just here in the City but across the globe. They have made a Faustian pact. I will give you my life for 18 hours a day, 7 days a week for the next 20 years and you make me a millionaire at the end of it. Who, if given the option, would turn away an annual lottery? However do not judge all bankers as greed-fuelled parasites. In my ten year career as a headhunter I met many who gave generously to various causes. One gave 90% of his bonus for a decade to fund the rebuilding of his village in S.India. He didn't just build the school and the hospital but funded, singlehandedly, the entire infrastructure of his village from sewerage and electricity to roads, communications and a police force. Alas the banks can't pump these tales of altruism because it would, rightly, be viewed as cycnical manipulation. But there are many more simialr untold stories out there. Unfortunately the banks, who also undertake numerous acts of charity, are too complacent to figure out how to get this across to the general public.

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  • This video would have been considerably better with sound.

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  • @ultrafez I am not sure, I am of the opinion that if I could hear what they were saying it would make me feel angry of the inequalities that exist between the suited fat cats who exist only because of the masses working to pay for tax bail outs on their massive deliberate 'mistakes'.

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