The "debate" thread

[Ed Doe]

Put a cap on bankers bonus's aswell, should help the interest rates and will be easier on first time buyers for houses

I agree to a certain extent, but you can't reduce the incentive on massively stressful, long hours, high paid jobs, or people wont want to do them. People think bankers just roll from golf course to executive lunch all day and occasionally casually check the shares inbetween glasses of expensive bubbly. The reality is most of them spend less than 4hours of their day outside their offices. They then do market forecasting etc over the weekends in some cases to make sure they're ready for the trading during the day. The whole work ethic is turned up to about 15 for the types of baker who we all assume are sitting back 'raking in the big bucks'. If you remove the incentive, it removes that drive for the few of us who can push that hard to make it to to the top... and as much as everyone overlooks it, we do need the bankers....