If Bob Diamond wants a new thing to worry about, he might start worrying about this. He doesn't seem too keen on politicians, but he might want to listen to one he would, in a select committee, call "Nick."
Where is the best place to make a living? In today's tough economy, it's an especially relevant question. A recent CareerBuilder survey found that 44 percent of workers said they'd be willing to relocate for a job opportunity.
As I travel through the neighborhoods of this city, I hear a similar message from New Yorkers:
It's harder than ever to live here and raise a family because the cost of everything is going up. I hear these concerns -- and they can't be ignored.
Corporate profits are up right now largely because pay is down and companies aren't hiring. This is a losing game even for corporations over the long term. Without enough American consumers, their profitable days are numbered.