#salary caps

Bankers are using "sneaky" ways of avoiding the European Union's new cap on bonus sizes, a think tank has claimed.

The High Pay Centre predicted bankers would enjoy yet another bumper year of bonuses while other workers saw their wages stagnate.

It comes as banks prepare to pay bonuses for last year's performance.

The British Bankers Association said bonuses were now

"smaller" and rewarded sound, long-term decision making.

The UK government is currently preparing a legal challenge to an EU cap on bonuses which limits payouts to 100% of basic salary.

The cap is designed to come into effect on bonuses awarded from 2014.

Banks have been accused of raising basic salaries to compensate for lower bonuses in response to the EU-wide cap.

"It is wrong to be over-paying a small group of people at the top and leaving the rest of the workforce struggling to make ends meet”

Deborah HargreavesHigh Pay Unit

Some banks have introduced a new role-based payment to top up overall pay packets for senior staff.

These payments are linked to the job, not the individual, and are therefore not categorised as a bonus payment.

about salary caps in baseball. Thoughts?

At first, I said "no way". Those guys work their asses off every day of the year (minus CC Sabbathia and his 2 boxes of Cap'n Crunch a day) and have to do a whole lot of crap that isn't as glamorous as we think it is. They also are held to a higher standard to be a role model (which I disagree with. They signed up to be athletes and shouldn't have to worry about being held to a higher standard but that's an argument for another time). Where I don't think they should get the MILLIONS that they get, I didn't think (at first) that there should be a cap.

Then my dad brought up a good point. We should have salary caps. It isn't fair that teams like the Pirates aren't ever going to be in the running because they can't afford the big name players. It would be cool to see these true underdogs in the playoffs. As much as I love the Red Sox (and always want them to win), I think that all teams should have equal ground when starting the year. Big teams like that Red Sox, Yankees, Phillies, etc always have a headstart before the season even starts because they can afford to stack their teams while the other ones can't.