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Should bankers in the UK be paid bounses while their paid high wages? Accoring to few sources

Body 1:

• In every industry, pay is set according to the ‘market’
• When times are good, investment banking is a very profitable business
• if the money is there, the argument is that it’s probably worth spreading it around generously, just in case that was what was driving the profits.
• If somehow one did persuade all bankers to do without their bonuses, it is likely that their base salaries would increase. As I said, there’s no logical reason why bankers get paid the sums they do. But the fact is that they do, and they have developed lifestyles based on this. If bonuses were to disappear, it would constitute a change in terms of employment, making it likely that base pay would have to rise to compensate.

Body 2:

• You might have noticed that we’re in a bit of a financial mess.
• But there is research evidence to suggest that they don’t produce the desired results for more complex activities.
• Even if the profits were real, many of us feel uncomfortable about paying large bonuses to bankers in the current economic climate. People are suffering
• When the crash hit, large bonuses could not be paid. But individuals in the industry had lifestyles dependent on receiving significant sums.

Conclusion:

• Cranfield (2016) Bankers bonuses: The case for and against. Available at: http://www.som.cranfield.ac.uk/som/p16339/Think-Cranfield/2011/March-2011/Bankers-bonuses-the-case-for-and-against (Accessed: 7 March 2016).
• Wilson, A. (2009) Q&A: Why do bankers get paid so much? Available at: http://www.telegraph.co.uk/finance/newsbysector/4533710/QandA-Why-do-bankers-get-paid-so-much.html (Accessed: 7 March 2016).
• For and against: Bankers’ bonuses – E & T magazine (2012) Available at: http://eandt.theiet.org/magazine/2011/02/debate.cfm (Accessed: 7 March 2016).