4 ms·
Almost all professional and semi-professional salaries are becoming bimodal. I'm too tired at the moment to look this up, but the NY Times had a piece sometime
by yuzulicious 9y ago
Almost all professional and semi-professional salaries are becoming bimodal.
I'm too tired at the moment to look this up, but the NY Times had a piece sometime in the last couple of years where they were discussing income distributions, and had an interactive, and what they looked like, almost across the board, was a bigger lower mode, and then a second, smaller, more spiked mode much higher.
What struck me about that piece was that it was framed in terms of skewed incomes, but the bimodality of it didn't get discussed much at all, nor the fact it was so widespread across different disciplines.
To me it was very disturbing, because it suggested that there was a growth, across disciplines, of two "classes", one established, with a relatively large income, and another, larger class, with a much smaller income.
I was very curious about this, and have wondered what the groups are--if it's because of older, senior individuals and younger, junior individuals. Maybe the latter are trainees? Maybe the latter came into the labor market at a less favorable time? Maybe there's just a kind of winner-takes-all sort of phenomenon?
It was really disturbing to me, and seems difficult to explain in terms of any specific features of any field, because it was so, so widespread across labor areas. It was partially disturbing that it was sitting right here in these graphs at a major news outlet about income distributions, and was not being acknowledged even then. It was probably more disturbing to me than the general long-tailed skewed income distribution that gets discussed, because it suggested (at least to me) very unnatural about how incomes were being allocated, even more so than the stereotypical long-tailed but unimodal curve.
- jgtrosh 9y agoI can imagine a simple explanation where one mode of gratification aims to pay as low as possible to keep the workforce willing to work at all, and another mode is to use pay amount to avoid talent from going away. Pay is thought about and used differently in both modes, and it's a simple enough management pattern that it could translate to every field. This is an over simplistic hypothesis and it would need more info to confirm but it seems potentially reasonable to me.
- tclancy 9y agoI think that's true from the management side. I also think it reflects personalities on the employee side: you have to be able to risk rejection and possibly worse to ask for a significant raise which means you either need to be very risk tolerant or in a situation where you can afford to fail.
- Banthum 9y ago>it suggested (at least to me) very unnatural about how incomes were being allocated I feel like the word "unnatural" is doing a lot of work here... can you explain what you mean? Do you believe economies "naturally" generate equal income distributions? At first glace it's as natural as any economic phenomenon: it emerges from the uncoordinated actions of many different individuals. My sense is that you actually meant "unfair" or "undesirable" or "evil", but it seems worth clarifying.
- deleted 9y ago[deleted]