Like most things in radio, historically there has been limited amount of supply – regulated businesses stopping new entrants. This has meant there has always been a ready supply of people waiting to do a job, this has kept wages (relatively) low.

Nowadays though, there are lots more operators across many more platforms – which raises the premium on good talent.

The introduction of Channel 4 Radio (on a larger scale should they be digitally successful) will cause big problems for existing radio stations (both commercial and BBC) as many staff will be applying for these new jobs.

Great news for talented people, rubbish news for existing operators.