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> Strongest idea I'm aware of is radical pay transparency. This falls apart immediately. Executive compensation is radically transparent at every publicly trad
by tw04 5y ago
> Strongest idea I'm aware of is radical pay transparency.
This falls apart immediately. Executive compensation is radically transparent at every publicly traded company and yet people are just ok with the Grand Canyon sized gap that has grown between average worker and executives over the last 40 years.
- derac 5y agoHow does an individual worker leverage CEO pay transparency to negotiate higher pay?
- robcohen 5y agoWhat? How would executive pay transparency help workers? If worker pay is transparent for all positions, that would help negotiations. Merely making executive pay transparent does nothing to help anyone other than the executives.
- MadeThisToReply 5y agoI don't think people are okay with it - they just don't have the power to do anything about it.
- dan-robertson 5y agoWhen a CEO wants a pay raise they go to the board and say “look at how much these other public company CEOs get paid. You should pay me more.” The equivalent for a worker is pointing at pay at competitors or of their peers (or you know, producing a job offer for more pay by which point their employer has ended up in a worse position because the employee has a much better BATNA). The alternative is not for the worker to say “look how much the CEO is paid, you should pay me more” because the response is that the CEO does different work and their pay is set by different people who care about different things—the pay is not really commensurate.