3 ms·

My read on this is that it seems like the equivalent of a subtweet about pay inequality. If that is indeed the case then they should be arguing for something I

My read on this is that it seems like the equivalent of a subtweet about pay inequality. If that is indeed the case then they should be arguing for something I wrote the SEC about a couple of years ago which is to have public companies report their salary costs broken down by executive pay and non-executive management pay and non-executive non-management pay. And to report the population of individuals in each cohort. That 'pie' of payroll costs can be split up anyway a company chooses, but the weighting of it will allow investors to understand the future prospects of a company that under pays its rank and file relative to its executives and management.

DaiPlusPlus 5y ago
> non-executive management pay and non-executive non-management pay. I'm curious why you make a distinction between managers and non-managers - (though I get where you're coming from: I agree that at most companies the only way to climb upwards is into management), but in some industries there are opportunities for horizontal-promotion and other non-management promotions (for example, being an engineering technical advisor who reports directly to the CEO while having no reports of their own and having a total-comp far north of a normal IC eng) Oh, then there's also companies like law-firms where lawyer partners in the firm aren't necessarily managers nor executives either, so I'm not sure how that would be fairly reported to represent the state of the income distribution.
- ashtonkem 5y ago
  I think most of us in the tech field overestimate the number of jobs where a high level IC can be comped equivalent to low level management. That’s really not the norm for most jobs, and often the pay gradients into management and senior management can be very steep.
- ChuckMcM 5y ago
  I distinguish them because, in the US at least, pay for managers is significantly higher than it is for individual contributors and there are fewer of them. There is a further gap between executive (director and above) and non-executive management with respect to both bonuses and equity allocation.
pjc50 5y ago
Don't forget to count the contractors - although the purpose of contracting out all the really low-pay stuff is to obscure the question of whether they're even your employees at all.
- ashtonkem 5y ago
  The shifting of poor pay work to “temporary” contractors without benefits and equitable pay is a labor loophole that congress really needs to close this decade.

DaiPlusPlus 5y ago

> non-executive management pay and non-executive non-management pay. I'm curious why you make a distinction between managers and non-managers - (though I get where you're coming from: I agree that at most companies the only way to climb upwards is into management), but in some industries there are opportunities for horizontal-promotion and other non-management promotions (for example, being an engineering technical advisor who reports directly to the CEO while having no reports of their own and having a total-comp far north of a normal IC eng) Oh, then there's also companies like law-firms where lawyer partners in the firm aren't necessarily managers nor executives either, so I'm not sure how that would be fairly reported to represent the state of the income distribution.

ashtonkem 5y ago
I think most of us in the tech field overestimate the number of jobs where a high level IC can be comped equivalent to low level management. That’s really not the norm for most jobs, and often the pay gradients into management and senior management can be very steep.
ChuckMcM 5y ago
I distinguish them because, in the US at least, pay for managers is significantly higher than it is for individual contributors and there are fewer of them. There is a further gap between executive (director and above) and non-executive management with respect to both bonuses and equity allocation.

pjc50 5y ago

Don't forget to count the contractors - although the purpose of contracting out all the really low-pay stuff is to obscure the question of whether they're even your employees at all.

ashtonkem 5y ago
The shifting of poor pay work to “temporary” contractors without benefits and equitable pay is a labor loophole that congress really needs to close this decade.