By: Bayard
It is very simple: without effective regulation to maintain appropriate proportion of finance to the rest of the economy (typical in all oligarchic situations), the finance community is free to do as...
View ArticleBy: John
What is the correlation between financial industry salaries and the propensity for the Fed to produce bubbles through cheap money? What is the correlation between financial industry salaries and it...
View ArticleBy: oldgal
The incentive comp (aka bonuses) became skewed when the incentives became volume based with no considerations for quality. This began in the 80′s when professions became businesses and professional...
View ArticleBy: Russ
I have no idea why you’re hectoring me about people turning their children into consumers. When I hear the word “consumer” I reach for my revolver. As for blaming the regulators, I’d rather just get...
View ArticleBy: Per Kurowski
You just proved my point… about some wanting to discuss only their political agendas on Baseline. Thanks
View ArticleBy: Russ
You ought to know, with your vile defense of the bankers. “It’s the regulators’ fault!” You mean the same regulators bought and paid for by those same banks? You mean the regulators working with legal...
View ArticleBy: Per Kurowski
Well if you need to defend the regulators in order to be able to attack the bankers that is your problem. But in my world the regulators are supposed to be above the bankers… and so if you do not think...
View ArticleBy: Joshua
One argument *for* high finance pay is the actual leverage that the job entails. One person can be managing hundreds of millions of dollars (if not more). Lets assume that markets are NOT efficient…...
View ArticleBy: bill
If you work in a bakery, you have leftover extra pastries to take home. If you work in a software company, there is all kinds of leftover hardware and software to take home. If you work in finance,...
View ArticleBy: Jim Larson
The article points out that pay in the finance sector increased when greater innovation was allowed, but it failed to discuss how this “innovation” provided any real value to the economy. Who cares...
View ArticleBy: Jim Larson
You fail to complete the logic. If a manager should get a reward for beating the market, he shoud be penalized when he underperforms. I don’t mean getting paid less, but actually paying the same...
View ArticleBy: ND
I’m not convinced this sort of thing is adequately adjusting for the difference in hours worked. Even right out of school, if I sign up for a finance job with 80 hours a week, I should probably get...
View ArticleBy: Gandydancer
“The excess wage (Figure 11) — the difference between the amount people in finance make and the amount you would expect them to make — reached about 0.4 this decade; that means that if the average...
View ArticleBy: Sanchez
ND: Your engineer friend may be far more productive in 40 hours than you in 80 hours.
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