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The executive compensation disclosures led to greater compensation because the top performers had a baseline from which to be paid and thus required higher wage
by TheAdamAndChe 10y ago
The executive compensation disclosures led to greater compensation because the top performers had a baseline from which to be paid and thus required higher wages. At the same time, nobody likes to think they're below average, and thus demanded at least near-average wages. What makes you think that mechanism wouldn't lead to increased wages for laborers?
- pottersbasilisk 10y agoBecause workers are not executives. Instead the push for 15 dollar min wages has pushed fast food industries to find ways to replace them.