European Tribune - Comments - The Anglo Disease: regulation vs pay

The Anglo Disease: regulation vs pay | 23 comments (23 topical, editorial, 0 hidden)

Re: The Anglo Disease: regulation vs pay (none / 1)

this fantastic graph which shows the simultaneity over decades of deregulation and higher incomes in the financial sector

I don't see simultaneity, I see finance incomes following deregulation with a 10-year lag.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Thu Apr 9th, 2009 at 01:34:44 PM EST

Re: The Anglo Disease: regulation vs pay (none / 1)

True. It is because it's the average wage. The effect shows as the workforce demography evolves: progressively, new highly-skilled employees are recruited and the old less skilled (and less payed) ones retire or leave.

"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet

by Melanchthon on Fri Apr 10th, 2009 at 04:47:13 AM EST
[ Parent ]

The Anglo Disease: regulation vs pay | 23 comments (23 topical, 0 editorial, 0 hidden)

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