Hospital Cleaners "worth more to society" than bankers

Hospital cleaners create more value for society than financial managers – it’s all in how you calculate it, says a new report from the New Economics Foundation. The progressive think tank, based in London, stacks up low-paid public sector workers (a hospital cleaner, a recycling plant worker and a childcare worker) against high-paid workers (a City banker, an advertising executive and a tax accountant). It concludes that the lower paid workers provide more value to society, generating up to £12 of social value for each pound of their salary. In contrast, the report contends, these higher paid workers destroy up to £47 of value for each pound they earn.

BBC article

PDF of the study.