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[20] Ed Balls sticks up for Rooney's wage packet

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  • [20] Ed Balls sticks up for Rooney's wage packet

    "Wayne Rooney now gets paid more a week than all of us probably, certainly me, get paid a year.

    "On the other hand I guess there's only one Wayne Rooney and he plays for Manchester United, he could go anywhere in the world and maybe that's genuinely the talent getting pay.

    "And somebody who has a great idea, like Steve Jobs, who invents an iPhone and it gets sold all around the world - in the end you can't say we're going to cut if off at some point.

    "On the other hand you've got all these bankers, and when they get asked why they get paid millions of pounds they say, 'Well because everybody else does and therefore we have to too'.

    "And at that point I think maybe people should say let's stop this merry-go-round going round and let's get back to a bit of rationality."

    "And so I think in some parts of our economy - when it's not a great idea or when it's not the talent of Wayne Rooney - then you do think to yourself these massive multimillion-pound salaries, it feels like a bit of a Ponzi scheme.

    "If somebody actually was to say stop a minute, let's stand back and say is this really sensible and rational, most of those people would do those jobs for half the money."
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