FT商学院

The allure of the loud know-nothing

Elephantine salaries for young employees make smart hiring decisions more imperative than ever

The other day I was with a bunch of people in their fifties who started talking about how much they were paid in their first job.

You will be familiar with the genre: “£85 a week!” “How did we manage?” “But I still felt so rich!” And so forth.

I feel the same way about what I was paid for my first junior job in newspapers. It was enough to cover food, rent in a shared house and a mostly functioning car but still seems laughable by today’s standards, even after inflation.

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