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You could pay them, say, 3x the 20th percentile salary. (I'm not sure it's _civil servants_ this sort of thing should be considered for. They don't make the de
by gjm11 4y ago
You could pay them, say, 3x the 20th percentile salary.
(I'm not sure it's _civil servants_ this sort of thing should be considered for. They don't make the decisions and there's little a civil servant can do that will change what the 20th-percentile person gets paid. It would make more sense for politicians.)
I suspect that if each member of Congress got a $10M reward for bringing homicide rates to 2019 levels, the result would be legislation that redefines homicide or changes how it's reported or something of the kind, rather than anything that actually involves fewer people killing one another.
- chroma 4y agoThis is a solved problem, as it comes up in situations such as CEO bonuses, sports betting, and prediction markets. You either specify the definition in the bonus (eg: according to the FBI's UCR data definitions as of 2019) or you delegate an arbitrator (eg: the GAO). If this weren't solvable then the world would look very different. CEOs and acquired companies would never have compensation tied to target metrics. Sports betting would be rife with lawsuits and fraud. And economic metrics would be as accurate as those claimed by the Soviet Union.