Tuesday, April 29, 2008

Lure of City money too strong for young

Sometimes you just have to shake your head and wonder...this article in the Guardian quotes the Bank of England Governor and states that:
The governor of the Bank of England issued a stern rebuke to the City today, saying that too many of Britain's most talented young people are being lured into financial careers by the huge bonuses on offer.


What???? You'd think that the boss of the Bank of England would have some basic notion of supply and demand in labor (or labour) markets.