Brain drain
Sir: Mr Catherwood (13 October) asks whether the prices and incomes policy can face the sharp salary rise needed to pay international rates for our mobile talent. The answer is obviously no, it cannot. But who wants us to have a prices and incomes policy apart from the Americans, who are the main beneficiaries of the -resultant brain drain, and the Cabinet, who do not want to understand what motivates the possessors of great commercial talent?
It is not only high salary that these people go to America in search of. It is the public _respect and acclaim that they think ought to accompany high salary. In Britain socialist propaganda has moulded us to believe that wealth is wicked, and so many a parliamentary candidate, correctly judging his audience, leaves his Jaguar at home and drives to political meetings in his Mini.
Our mobile talent is emigrating to aplace where, for example, a political audience wouldn't look twice at a bum who arrived in a Mini.
Previous page
