You can even see this in the area where the star system has
You can even see this in the area where the star system has up to now ruled unchallenged. Much cheaper to use unknowns, as in Big Brother, and entice them to work for a brief flash of stardom than to have to hire expensive trained actors.What people are paid is a market, and ultimately the market is self-correcting – though that may take a long time Pay differentials in the 1970s were unsustainably low. Many people in responsible jobs went on doing so out of a sense of duty, resenting their relatively low pay and getting out when they decently could. Others went abroad.Now differentials may be unsustainably high – or at least unnecessarily high to attract people into jobs. If you have a large excess of people wanting to do a job at a particular rate, and able to do it, then the rate is too high. There are probably quite a lot of people in well-paid jobs whose replacement will earn less than they do.
For one of the harsh lessons of the downturn is that there are people who are simply not worth their salaries.A great sea change just beginning to become evident? I’m not sure. But I am sure that there are lessons about pay that have been learnt in the past two years that will linger long after growth picks up – as it will
More from Hamish McRae. The death has been announced of summer 2002. It was not totally unexpected, as summer had been in a weak state for some time. After a painful last few days, summer 2002 finally expired last week, surrounded by relatives, loved ones and representatives of the major insurance companies and travel agencies.
At the memorial service, many speakers remembered fondly that summer 2002 had been playfully unpredictable. Sometimes there were thundery periods, but then everything would clear up. The World Cup in Japan and South Korea had been one of her finest achievements Since then she had never been quite the same again
The death has been announced of summer 2002. Since then she had never been quite the same again.
And then came the announcement that everyone had been half-expecting. Court No 1 at the Old Bailey is becoming the drop-in entertainment centre of London.