Techbro on the Clapham Omnibus

The Devil’s Advocate™ →Go uptown In which the curmudgeonly old sod puts the world to rights. Index — Click ᐅ to expand: The Devil’s Advocate Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

Say there are 35 reasonable people aboard a Clapham omnibus. Being key workers — nurses, police, teachers and so on — frontline and notf middle management (not a very likely contingency and Clapham these days, but let’s say) their incomes are not spectacular: fairly tightly distributed around an average of £40,000.

Imagine you are a management consultant tasked with increasing the average pay on that bus.

Of source, It is simple: just ask Elon Musk to hop on board. That will raise it average to £60 million at a stroke.

This might seem preposterous, but it is precisely the approach being taken to pay equality in investment banks.