How Finance Ate The Economy - w/ Grace Blakeley
Current Affairs
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The Wage Premium From Going to Work in Finance
Capitalism is always praised for its cap ity to produce wondrous new innovations through the process of creative destruction. But what we don't see is that there are all these people who could be out innovating new things and making their lives better, but instead have to direct their knowledge towards just moving numbers around the spread sheet from one institution to another. And you can see this within finance. This is a bigger problem in the u k. Than in most other parts of the world, because the city of london is so dominant over much of the rest of the economy. The wage premium from going to work in finance is so significant, even still to day,. although that has changed somewhat
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