|
I'm going to have to agree with...
The most common objection to placing limits on banker pay is that societies who do so will see their bankers defect to more lucrative pastures. This isn’t a valid concern. Fields like medicine, science and engineering don’t need to rely on giant bonuses to attract the “best” people; why is banking so different? What’s more, the main problem we should be trying to solve is staving off a collapse of civilization, not preventing an exodus of bankers. Let the bonus-chasing bankers defect, and >>>make room for ones who are more focused on long-term rewards.<<<
|