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In my experience, the mean worker will look at the pay of the higher producing counterpart and not care. There definitely will be outliers, but they usually ar
by bcrosby95 5y ago
In my experience, the mean worker will look at the pay of the higher producing counterpart and not care. There definitely will be outliers, but they usually aren't the higher producers. They're just the people that are better at negotiating.
Companies that pay workers what they're worth is rare as fuck.
- nickff 5y ago>"Companies that pay workers what they're worth is rare as fuck." How do you determine 'what they're worth' in the abstract? Wouldn't the best guess as to any service's 'worth' be the price currently being paid for it?
- aravindet 5y agoYes, and that guess would be a lot more accurate* if all market participants had access to full information.
- nickff 5y agoNobody on either side of a transaction ever has access to full information. Each side has some information the other doesn’t, and markets usually work pretty well despite that fact.