Exactly. We are squeezing things dry. It’s short term and gives diminishing returns. We seem obsessed with trying to take money from others rather than making more ourselves.
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2022 mini-budget discussion
- Thread starter Harlequin
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How do we make more ourselves? You’ve heard the narrative around those that have asking for pay rises which in reality are not actually pay rises they are to prevent real time wage cuts. The media ect have framed it as causing wage spiral inflation. So instead we are to believe that trickle down economics is the real solution.
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As mentioned before it’s not trickle down economics. That’s a 1930s Hoover concept. I would get a new job or train in a different area if I couldn’t get what I wanted from my current one. (I did do this actually and ended up in tech).
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I have worked in that environment....the stress comes from the toxic work culture, not because it's difficult or inherently stressful.
I was with a nurse for years, now that is stress. The stuff she had to put up with.....all the self-inflicted nonsense in finance is trivial in comparison.
I wouldn’t say all in fact most don’t have a toxic culture. You must have worked in a bad one. Perhaps a long time ago they had that but that’s not what they are like these days.
So people on mass leave the low paid yet essential jobs like nurses, teachers and the various other low paid jobs and train to be investment bankers and do tech and stuff?
HSBC, RBS, JPMC, all fundamentally the same attitudes. The most overriding of which is the pretence of exceptionalism that is rife in the industry.
That is not what i was getting at. The stress is manufactured due to the toxic nature of the job/environment and the irrationality of what bankers actually do.
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Exactly.
The stress, is self inflicted. The problems are manufactured and the importance of it is imagined (fabricated purely for the end goal of making more money).
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Surely this could be applied to all jobs?
I get stressed at work to make sure things go to plan or deliver. It's the same thing, that world just happens to be driven by returning money / margin.
PS. My wife is a nurse, yes life and death decisions are a different ball game and they are severely underpaid for it. Maybe the banker bonuses tax could give them pay rises!
I get stressed at work to make sure things go to plan or deliver. It's the same thing, that world just happens to be driven by returning money / margin.
PS. My wife is a nurse, yes life and death decisions are a different ball game and they are severely underpaid for it. Maybe the banker bonuses tax could give them pay rises!
We both know full well they often work private sector as well.
15 years ago maybe. They have evolved since then. “Exceptionalism” is just a mental technique to get staff to perform better. You can get relatively unremarkable people to do exceptional things with that mindset. It’s pretty common in tech but doesn’t create a toxic atmosphere. People do things they never believed they could achieve (it applies both to personal life and professional).
Finance is populated with largely the same mediocre under-achievers as any other industry, especially in the UK where the pretence of 'putting in the hours' is valued more than being efficient. Finance pays well because the industry is awash with money, it's easy make fortunes when you're dealing in hundreds of billions of dollars, not because it's difficult or stressful.
With that mindset then someone will never achieve anything not matter what profession. Having goals in life and the mindset to go out and achieve them are the most important things for anyone.
Have you considered going into politics? You have a talent for evading discussion with vacuous platitudes.
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Yes... but but bankers evil, something something... gambling with other people's money... I don't understand any of it but it's bad and stuff...
Soldato
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What is this nonsensical argument all about? We're not trying to attract people to the UK, we did Brexit for high skilled high paid UK jobs, remember? When people try to come to the UK we send them to Rwanda.
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As one banker said to me the other day.. 'All the cap did was increase our pay'
Ah yes, the high skilled dinghy crews are in demand.
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Odd isnt it....
it is almost like the whole thing is a clown show, run by greedy morons.
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