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Ironic that you complain about the parent maintaining a particular set of ideology while maintaining a similar set of irrational beliefs... Just looking at you

Ironic that you complain about the parent maintaining a particular set of ideology while maintaining a similar set of irrational beliefs... Just looking at your first point. Companies wield an extreme asymmetric information advantage about 'your' specific hiring cohort. They know who has applied to the job, the size, relative experience, and in many cases they know the expected salary range of those individuals. They know the explicit and implicit cost of their benefits on an actuarial scale - costs potential-employee will never know. They have a firm understanding of their actual needs and a higher degree of flexibility. Like other comments have concluded - it's easier for an organization to fold tasks into other jobs. Employees, especially when you consider health insurance (and that of a family) is tied into these decisions. In today’s model potential employees are required to negotiate with themselves (as a result of being unaware of the qualifications, expected incoming, etc. of the pool). We wonder why salaries remain stagnant... If you look at CEO pay as a counterexample it becomes obvious. It's not about adding or demonstrating value, it's about extracting value and an understanding of your ability to extract value. CEO compensation is a published number in public companies. "High CEO pay reflects economic rents—concessions CEOs can draw from the economy not by virtue of their contribution to economic output but by virtue of their position." https://www.epi.org/publication/ceo-compensation-2018/ https://www.epi.org/publication/ceo-compensation-2018/

macspoofing 6y ago
>In today’s model potential employees are required to negotiate with themselves (as a result of being unaware of the qualifications, expected incoming, etc. of the pool). We wonder why salaries remain stagnant... To be clear, you have no actual basis to believe that asymmetric bargaining power (as you defined it) is the reason for stagnant wages. This is just something you reasoned through and it feels right to you.. correct? And you just say things ... what do you mean employees are unaware of the market - from other job seekers, to competitive? That is completely untrue. When you're looking for a job, you are very aware of the range of salaries you are expected to be offered for positions you seek. I literally just had someone decline a position because our offer was lower than what they were offered by other local company. Where was this asymmetric advantage you speak of? I have no idea what CEO pay has to do with anything except that this is a kitchen sink approach to argumentation where you just throw anything against the wall and hope something sticks.

macspoofing 6y ago

>In today’s model potential employees are required to negotiate with themselves (as a result of being unaware of the qualifications, expected incoming, etc. of the pool). We wonder why salaries remain stagnant... To be clear, you have no actual basis to believe that asymmetric bargaining power (as you defined it) is the reason for stagnant wages. This is just something you reasoned through and it feels right to you.. correct? And you just say things ... what do you mean employees are unaware of the market - from other job seekers, to competitive? That is completely untrue. When you're looking for a job, you are very aware of the range of salaries you are expected to be offered for positions you seek. I literally just had someone decline a position because our offer was lower than what they were offered by other local company. Where was this asymmetric advantage you speak of? I have no idea what CEO pay has to do with anything except that this is a kitchen sink approach to argumentation where you just throw anything against the wall and hope something sticks.