h a l f b a k e r yVeni, vedi, fish velocipede
add, search, annotate, link, view, overview, recent, by name, random
news, help, about, links, report a problem
browse anonymously,
or get an account
and write.
register,
|
|
|
The current issue if Michael Nortons research is correct,
is
that people just don't know how they compare with
others
in terms of pay.
Well what if we include some statistics in taxation
receipts
for individuals to note in simple terms their ratio of pay
compared to other professions.
In addition they are
shown
what's the average pay scale for the industry. This might
help to correct this information asymmetry.
By knowing what's the average payscale for the industry,
as
well as how their pay ranks as a ratio to other job and
industries, people in general will be able to negotiate a
reasonable pay scale based on their actual
skills/experience as opposed to how ignorant they are of
the actual industry average pay (by definition, any
employers taking advantage of this information
asymmetry, is exploiting the employee at the advantage
position. Thus economic power flowing towards the
employer, is increased to the detriment of the
employee.).
---
Also it save companies money, if they can point out to
the worker's tax receipt, if a worker (for example a CEO)
says they want a pay raise. Since the company can point
to the pay ratio, and ask "do you really work
xMULTIPLIER times harder compared to
INSERT_PROFESSION worker?"
----
edit: To address FlyingToaster. Granularity of
information provided is a tricky balance. Should we flood
people with the whole picture? Or abstract it away a bit?
Your point about how pay in the same category, will
differ between towns is important as well. And will need
to be taken into consideration as well.
Americans Have No Idea How Bad Inequality Really Is
http://www.slate.co...usiness_school.html [mofosyne, Sep 28 2014]
Please log in.
If you're not logged in,
you can see what this page
looks like, but you will
not be able to add anything.
Destination URL.
E.g., https://www.coffee.com/
Description (displayed with the short name and URL.)
|
|
A few aeons ago I worked on the contracts software for the province's police association (union). The job title "detective"(say) in Toronto (pop 3.5m) is a different job and has an entirely different pay/benefits scale than a "detective" in Timmins (pop 50k). |
|
|
As a supporter of free market capitalism I must say
I'm not enamored with the Harvard/Princeton/Yale
class getting 300 times what its workers do. I'd just
like to hear some solutions that don't require massive
taxation that gives all the money to government so
they can keep it themselves or use it to buy more
votes for their party. Then you also get into the
welfare state solution that locks people into horrible,
soul scorching poverty. |
|
|
How about executive taxation above a particular
point going back to the workers of the company? |
|
|
Hey, maybe I'll post that idea. |
|
| |