Financial Times FT.com

Fair pay: Money isn’t everything in life

By Huw Richards

Published: May 28 2008 09:20 | Last updated: May 28 2008 09:20

Working lives and labour markets may have changed radically over the past quarter-century, but some values remain the same. The modern worker might not express it in quite the same terms, but he or she would be sure to recognise the aspiration implicit in the old trade union demand for “a fair day’s pay for a fair day’s work”.

This is not, it should be noted, the same as wanting the highest possible day’s pay. Very few workers conform to the maximise-at-all-costs model of classical economic theory, least of all in countries where markets are run in closest conformity to those theories.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this

"Front page" sub navigation

"World" sub navigation

"Asia-Pacific" sub navigation

"Europe" sub navigation

"Latin America & Caribbean" sub navigation

"Middle East & North Africa" sub navigation

"UK" sub navigation

"US & Canada" sub navigation

"Companies" sub navigation

"Energy" sub navigation

"Financials" sub navigation

"Health" sub navigation

"Industrials" sub navigation

"Retail & Consumer" sub navigation

"Technology" sub navigation

"Transport" sub navigation

"By region" sub navigation

"Columnists" sub navigation

"Markets" sub navigation

"FTfm" sub navigation

"Markets Data" sub navigation

"FT Trading Room" sub navigation

"Equities" sub navigation

"Lex" sub navigation

"Comment" sub navigation

"Management" sub navigation

"Columnists" sub navigation

"Personal Finance" sub navigation

"Investments" sub navigation

"Tools & Calculators" sub navigation

"Compare & Apply" sub navigation

"Life & Arts" sub navigation

"Arts" sub navigation

"Pursuits" sub navigation

"Travel" sub navigation

"Interactive" sub navigation

"In depth" sub navigation

"Jobs & classified" sub navigation

"Jobs" sub navigation

"Services & tools" sub navigation

"News by email" sub navigation

FT Alphaville

Mergermarket

Debtwire

Market-moving economics

FT.com RSS Feeds

FT Lexicon