Saturday, December 19, 2009

Cleaners 'worth more to society' than bankers - study

http://news.bbc.co.uk/2/hi/business/8410489.stm

Page last updated at 00:15 GMT, Monday, 14 December 2009
By Martin Shankleman,
Employment correspondent, 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.

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

Following is a synopsis


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

Childcare workers : For every pound they are paid they generate up to £9.50 worth of benefits to society."

Hospital cleaners : For every pound paid, over £10 in social value is created."

Advertising executives : 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 : For a salary of between £75,000 and £200,000, tax accountants destroy £47 in value, for every pound they generate."

Waste recycling workers : For every pound of value spent on wages, £12 of value is generated for society."

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