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.
1. [ The court, however, recoiled from this idea, noting that if they were to take demonstrated preferences seriously this would be tantamount to applying “an unfettered free market model of supply and demand.” The horror. ] - Alex Tabarrok
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.
Thanks for writing this; makes my blood boil a little to think of people who didn't take 10th grade economics making these decisions - and it will continue to boil no matter what gender gets advantaged.
This is why most sane people have tried to alleviate market distortions due to sexism by getting more women in high-paying male-dominated fields, instead of trying to determine pay for entire industries by judicial fiat
I'm an American with deep economic policy expertise. This just sounds too stupid to be real. The UK just can't seem to stop shooting itself in the foot.
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.
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.
1. [ The court, however, recoiled from this idea, noting that if they were to take demonstrated preferences seriously this would be tantamount to applying “an unfettered free market model of supply and demand.” The horror. ] - Alex Tabarrok
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.
To the socialists of all parties ...
Thanks for writing this; makes my blood boil a little to think of people who didn't take 10th grade economics making these decisions - and it will continue to boil no matter what gender gets advantaged.
This is why most sane people have tried to alleviate market distortions due to sexism by getting more women in high-paying male-dominated fields, instead of trying to determine pay for entire industries by judicial fiat
I'm an American with deep economic policy expertise. This just sounds too stupid to be real. The UK just can't seem to stop shooting itself in the foot.
Why are companies subscribing to these terms? This is alarming
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.