An interesting perspective on value

The BBC breakfast programme today featured an interesting report that has been written that considers the value of people to society versus the amount they get paid. The full report can be found here on the New Economics Forum site
It will of course grab some headlines and it is qualitative in what it examines but it does look like providing a more interesting way of thinking about peoples value. We generally assume the money wins all the battles, the more you get paid the more you are contributing. In many cases people do become more philanthropic as they gather wealth, however as recent economic events have shown that is not always the case. Greed often sets in.
To quote the headlines in the report and from the BBC tv piece.
For city bankers “While collecting salaries of between £500,000 and £10 million, leading City bankers to destroy £7 of social value for every pound in value they generate.”
For hospital cleaners “We estimated, however, that for every £1 they are paid, over £10 in social value is generated.”
I am not making any judgements here but it does make you think a bit more about what you do and which value is the real value.
I relate to this as many of the projects I work on I now look for something that is more socially valuable, not just ones that pay.
If all companies and people considered this report and the social value of their contribution in general then the world would be very different place. No Mr Gecko greed is NOT good.

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