Reform, anyone? How many people in the real world do you know who have seen such increases during the recession? This system is rotten to the core. Each time the numbers go up they have a new excuse for justifying but in the end it always goes up.
Average pay for financial employees in London rose 6 percent in July from June due to intensified competition for "star performers" and confidence continued to improve across the industry, a survey showed on Tuesday.And remember, the salary alone is only a small piece of the puzzle. Bankers receive bonus money that can double their annual pay and it's not unusual to generate much more.
The average salary paid to financial sector workers in London rose to 53,223 pounds ($87,220) in July, up 6 percent from June but down 1 percent from a year ago, recruiters Morgan McKinley said.
