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the question is how much reward is needed Who decides that?

by FrancoDiaz 10y ago

eevilspock 10y ago
Society. It was society that decided to have the current reward system. It is society that can change its mind.
- bmm01 10y ago
  That's a somewhat naive view. It presupposes that the current system is just, because (1) all members of society had an equal hand in shaping the current system, (2) that it was designed to serve the interests of society as a whole (rather than those who benefit most from it), and (3) that it would be easy to change the system if a consensus emerged among a majority (or even a vast majority) of society that such change was desirable. I disagree with all three presuppositions.
  - eevilspock 10y ago
    I made none of your 3 presuppositions. Society is society whether or not it is democratic, fair or wise. But usually it changes its mind as it becomes more democratic, fair and wise.
- Analemma_ 10y ago
  This is... very wrong, at least if you're talking about CEO pay. Who decides CEO pay? The Board. Who is the Board? Well, it's usually guys who are CEOs at other companies. Boards have every incentive to make this pay as high as they can get away with, so they will get the same quid pro quo, and "society" has nothing to do with it.
  - eevilspock 10y ago
    You're interpreting my comment too narrowly. I agree that the concentration of power is a big problem, in fact, the biggest. But most everyone is complicit, both through their actions and inactions. Nearly everyone is putting self-interest first and foremost, including most liberals/progressives. We are complicit when we vote for people like the Clintons into power to represent progressive values. We are complicit when we take higher paying jobs at companies that put profit over people and society (and thus act behave just like those CEOs). We are complicit when we try to handsomely reward ourselves via SV get-rich-quick schemes building products that no one is willing to pay for except the advertisers who bombard us with self-serving messages in turn turning the web into click-bait, fake-news viral hell. Also see my other reply.
ryandrake 10y ago
Congress? Someone should. Society has decided that a greater good is promoted when someone decides on a minimum wage. Why can't someone decide on a maximum wage?

the question is how much reward is needed Who decides that?

eevilspock 10y ago

Society. It was society that decided to have the current reward system. It is society that can change its mind.

bmm01 10y ago
That's a somewhat naive view. It presupposes that the current system is just, because (1) all members of society had an equal hand in shaping the current system, (2) that it was designed to serve the interests of society as a whole (rather than those who benefit most from it), and (3) that it would be easy to change the system if a consensus emerged among a majority (or even a vast majority) of society that such change was desirable. I disagree with all three presuppositions.
- eevilspock 10y ago
  I made none of your 3 presuppositions. Society is society whether or not it is democratic, fair or wise. But usually it changes its mind as it becomes more democratic, fair and wise.
Analemma_ 10y ago
This is... very wrong, at least if you're talking about CEO pay. Who decides CEO pay? The Board. Who is the Board? Well, it's usually guys who are CEOs at other companies. Boards have every incentive to make this pay as high as they can get away with, so they will get the same quid pro quo, and "society" has nothing to do with it.
- eevilspock 10y ago
  You're interpreting my comment too narrowly. I agree that the concentration of power is a big problem, in fact, the biggest. But most everyone is complicit, both through their actions and inactions. Nearly everyone is putting self-interest first and foremost, including most liberals/progressives. We are complicit when we vote for people like the Clintons into power to represent progressive values. We are complicit when we take higher paying jobs at companies that put profit over people and society (and thus act behave just like those CEOs). We are complicit when we try to handsomely reward ourselves via SV get-rich-quick schemes building products that no one is willing to pay for except the advertisers who bombard us with self-serving messages in turn turning the web into click-bait, fake-news viral hell. Also see my other reply.

ryandrake 10y ago

Congress? Someone should. Society has decided that a greater good is promoted when someone decides on a minimum wage. Why can't someone decide on a maximum wage?