1. What if everyone just listed base pay and top pay for each job offered and did so publicly? If one chooses to accept a job, they are signing off on their willingness to work at those wages and work towards the top wages. Willingly. Like adults.
2. When making all these charts, why not add the biggest difference between a physical and mental job, which is the future. A physical job tears your body down. You have to save more for the future because you won't be doing that job until 100. You are offering your joints, muscles, brain, etc.
Quite frankly, this post is too generous towards the Equal Pay fanatics. The entire premise of "equal value" is a Marxist farce, you cannot in any way tease apart the Marxist theory of labour from the idea that pay deviates from market price based on some nebulous "value." To claim that a job has even 1 pence of "value" not reflected in its market price is delusional. It reflects the Marxist delusion that value is intrinsic to labour rather than determined by supply, demand, and negotiation. The market price *IS* the value. There is no hidden ledger where judges can uncover "true" worth divorced from what employers will pay and workers will accept. The market price is the value! The market price is the value!! The market price is the value!!! Any attempt to "correct" it with judicial point-scoring is central planning in a cheap egalitarian disguise.
The obsession with equal pay between genders is equally absurd. Imagine a firm has two analysts, one man and one woman, performing the same function at the same pay. The man gets headhunted and offered a higher salary elsewhere. Before leaving, he asks his current employer to match it, and they do. Now he earns more than his female counterpart. Is that discrimination? No, it’s his salary updating to reflect his market value. The woman could have negotiated or been poached too, but she wasn’t, and it doesn't matter why she wasn't. That’s how labour markets work. Pretending every pay gap is oppression punishes employers for rational decisions.
I understand why you are generous towards the Equal Pay fanatics but the humouring of these insane Equal Pay fanatics, treating them like thoughtful, rational actors speaks to a deeper cowardice in British culture. Our unwillingness to state the obvious, that not all jobs are equally demanding, scarce, or valuable has real consequences. It has bankrupted cities, will inflate prices, further grinding this country into poverty. The sooner we stop pretending judges can "measure" value better than the market, the sooner we can end this farce.
Couldn't agree more. Reading this as an American, I laughed at how limp the critique was. Many of us over here are beginning to think you guys deserve this treatment at this point.
There are somethings in which the market should not be allowed to determine value. There are arguements to be made from both the right and left that don’t come from the marxist weed
For instance, letting the market decide leads to things like importing eleventy billion people to keep prices down.
Equal pay is crackpot but lets not throw out the baby with the bathwater.
I just wanted to mention 2 things:
1. What if everyone just listed base pay and top pay for each job offered and did so publicly? If one chooses to accept a job, they are signing off on their willingness to work at those wages and work towards the top wages. Willingly. Like adults.
2. When making all these charts, why not add the biggest difference between a physical and mental job, which is the future. A physical job tears your body down. You have to save more for the future because you won't be doing that job until 100. You are offering your joints, muscles, brain, etc.
Quite frankly, this post is too generous towards the Equal Pay fanatics. The entire premise of "equal value" is a Marxist farce, you cannot in any way tease apart the Marxist theory of labour from the idea that pay deviates from market price based on some nebulous "value." To claim that a job has even 1 pence of "value" not reflected in its market price is delusional. It reflects the Marxist delusion that value is intrinsic to labour rather than determined by supply, demand, and negotiation. The market price *IS* the value. There is no hidden ledger where judges can uncover "true" worth divorced from what employers will pay and workers will accept. The market price is the value! The market price is the value!! The market price is the value!!! Any attempt to "correct" it with judicial point-scoring is central planning in a cheap egalitarian disguise.
The obsession with equal pay between genders is equally absurd. Imagine a firm has two analysts, one man and one woman, performing the same function at the same pay. The man gets headhunted and offered a higher salary elsewhere. Before leaving, he asks his current employer to match it, and they do. Now he earns more than his female counterpart. Is that discrimination? No, it’s his salary updating to reflect his market value. The woman could have negotiated or been poached too, but she wasn’t, and it doesn't matter why she wasn't. That’s how labour markets work. Pretending every pay gap is oppression punishes employers for rational decisions.
I understand why you are generous towards the Equal Pay fanatics but the humouring of these insane Equal Pay fanatics, treating them like thoughtful, rational actors speaks to a deeper cowardice in British culture. Our unwillingness to state the obvious, that not all jobs are equally demanding, scarce, or valuable has real consequences. It has bankrupted cities, will inflate prices, further grinding this country into poverty. The sooner we stop pretending judges can "measure" value better than the market, the sooner we can end this farce.
Couldn't agree more. Reading this as an American, I laughed at how limp the critique was. Many of us over here are beginning to think you guys deserve this treatment at this point.
There are somethings in which the market should not be allowed to determine value. There are arguements to be made from both the right and left that don’t come from the marxist weed
For instance, letting the market decide leads to things like importing eleventy billion people to keep prices down.
Equal pay is crackpot but lets not throw out the baby with the bathwater.
Why are companies subscribing to these terms? This is alarming