[Re: We must be more meritocratic – but quotas are not the answer, yesterday]
The quota plans come at a time when there is an existing organic trend towards greater workplace equality. More females apply to university than males, and 60 per cent of law and medicine students are women. Figures from the Office for National Statistics show that the pay gap for under-40s has vanished. For under-30s, women are paid on average more than men. So not only do quotas undermine the notion of a meritocratic society, but job trends are revealing them as unnecessary, too.
[Re: Why governor’s monetary revolution will eventually backfire, Thursday]
Employment is not a suitable metric for rate setting. It is a political target, not an economic one, and the correlation between unemployment and base rates is tenuous and highly lagged at best.
Paul J. Weighell
Mark Carney's “forward guidance” strategy is continuing the torment for savers. These prudent individuals are not receiving rewards for looking after their money, and are likely to have the real value of their capital reduced by further inflation.
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