Techbro on the Clapham Omnibus

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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.