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Ok, now you are being inconsistent. You think it's wrong for executives to be paid above-market wages, but you think it acceptable for employees to be paid abov
by ubernostrum 10y ago
Ok, now you are being inconsistent. You think it's wrong for executives to be paid above-market wages, but you think it acceptable for employees to be paid above-market wages.
Nope, perfectly consistent. If one group gets to vote themselves a raise, all groups should get to.
Or, more rigorously: if we're going to introduce artificial legally-blessed structures to allow people to pool their resources in order to accomplish things, or wield power in the market, that they couldn't when acting alone, then... I think we should be consistent about it. The corporation exists as an artificial legally-blessed structure for pooling of capital, and the union exists as an artificial legally-blessed structure for pooling of labor. I don't see a way to argue, from a consistent moral/ethical position, for allowing one to exist while forbidding the other. And similarly, the fewer regulations we place on one of these types of entities, the fewer we should place on the other.