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> The evidence is an informal thought experiment: if the salary was $100 million for each position, they would have every role filled. If the salary was $100 m
by tzs 3y ago
> The evidence is an informal thought experiment: if the salary was $100 million for each position, they would have every role filled.
If the salary was $100 million for each position they might fill every position--but could they keep them filled? If I were getting paid $100 million a year a single month's salary after taxes is enough to retire on at well above my current standard of living. I suspect it would be hard to retain people if they have the option to at any time quit and will never need to work again.
- lotsofpulp 3y agoThe other lever is quality of life at work. The relevant measure is the ratio of pay to quality of life at work, not just pay.
- teeray 3y agoWhat happens after the position is filled doesn’t matter for this argument. The point is that there is a price that will cause somebody to say “this is a good deal for me” and fill the position. If there’s a better deal somewhere else, they’ll go do that instead.