2 ms·
Salary increases are minuscule if you stay at the same company, but switching around let’s you avoid the power imbalance between structurally underpaid employee
by cannabis_sam 5y ago
Salary increases are minuscule if you stay at the same company, but switching around let’s you avoid the power imbalance between structurally underpaid employees and overpaid CEOs..
Especially considering that the current expected salary of a CEO is extremely distorted by the fact that it’s decided by a board usually filled with other CEOs..
The embarrassing thing is that bloody Adam Smith warned us of this a few centuries ago:
“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the publick, or in some contrivance to raise prices”