| sebastian_dangerfield |
10-03-2019 02:59 PM |
Re: Doesn’t Matter Who Wins the K Race; We’re All the Same
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I thought you were proposing something more profound that raising the minimum wage, but I guess neither of us really know what you're proposing. My assumption is that spreading money around more equitably would be better for everyone, in the aggregate, and if you disagree with that then I'm not sure why you think it's a good idea.
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I don't disagree with that. I just think it's better done within commerce, within businesses, rather than through tax policy, which introduces a costly, slow, and inefficient middle man for no reason.
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That would make sense if professionals and managers were hired by laymen with no familiarity with their jobs, but it turns out that's not how the world works.
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In really big corps, they are approved by clueless boards all day long. In small to mid sized corps you see them hired by people with limited familiarity with the jobs as well. All the time. This is why there are so many terrible hires. At the first stage of hiring, HR, which is clueless on almost everything, brings you a pile of acceptable resumes. What the fuck does HR know about vetting talent? HR is comprised almost entirely of people with not talent. It's where dumbest lackeys congeal like bacon grease in the corner of a griddle.
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In my job, the information assymmetry is that I know stuff about the law and compliance, and my colleagues don't. So they pay me to help them understand what they need to do. This seems to create value. Not clear why you think it needs correction.
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I don't want to correct that. I want to correct the asymmetry between what buyers of professional work, who don't know how easy much of it actually is, and sellers, who've no incentive to let them know how easy it is.
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If you're focussed on the highest-paid jobs, then try a corporate governance fix.
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Attacking the cronyism on boards is a great idea.
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1. Introduce an intrinsic value into the debate
2. ??????
3. Social justice and peace on Earth
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Think of like adding a few drips of food coloring to a glass of water. Or maybe cancer is a good analogy. All your need to do is introduce the idea of intrinsic value as a way for shareholders to pare professional services and higher management costs and they'll run with it. Hell, they'll run with any idea that allows them to find even a tiny bit of profit.
If the idea is articulated well, and that's nothing more than well done PR, it metastasizes. Look at how an idea like "fake news" caught fire and is now all over the place.
Five or six SEO pros and few PR people could have people holding "intrinsic value to workers now!" banners at Warren and Bernie rallies (and maybe even Trump ones) within a month.
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I'm sure you could, and they would be equally unresponsive to what I said, which was, "One can think that CEO pay is out of whack (and identify specific reasons for that) without thinking that everyone's pay across the whole economy is out of whack and needs to be replaced with a number that you made up."
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But that's not what I'm saying. I'm saying introduce the concept and it will lead to people pushing for lower prices for professional services and arguing that management should have lower wages. How does it work from there? I don't know, but I know in a world where everyone is looking to cut costs, it'll get traction. |
