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This walks the fine line between explaining how class differences work, and justifying the perpetuation of them. Clearly we don't have a meritocracy in the US,

This walks the fine line between explaining how class differences work, and justifying the perpetuation of them. Clearly we don't have a meritocracy in the US, especially at the higher levels of income. I'm not traveled enough to comment on the rest of the world.

wakawaka28 2y ago
We do in fact have a meritocracy here in the US for the most part. I don't know how you can say "clearly" we don't. Except for a handful of rich goofs, everyone is generally rewarded proportional to their skills, abilities, output, and impact. You can also work hard and get ahead, which is harder in places that are deeply corrupt. I do think executive-level pay is arbitrarily high but it needs to scale up with the level of responsibility you have. CEOs are rarely the most talented people ever, but to attract actually talented CEOs you have to pay significantly more than they could make doing something else (like starting another business or working as an individual contributor).
- immibis 2y ago
  I see no evidence of a positive correlation between hard work and high pay. It seems to be a negative correlation.
- rrr_oh_man 2y ago
  > but it needs to scale up with the level of responsibility you have I hear this phrase a lot. Why do you think so?
  - wakawaka28 2y ago
    I said it in that comment. But specifically, if more responsibility comes with the same or less reward than less responsibility, nobody rational will be motivated to do it. The degree of responsibility is somewhat subjective, but again you need to consider what else the qualified person might be doing that is more rewarding than working for you. I said it in another reply but I should mention it here too. Not paying people well for their level of responsibility encourages corruption.
  - phildawes 2y ago
    Not op but I guess the assumption here is that people would rather have less responsibility so need to be compensated to have more? I'm not sure this is true, but don't know if responsibility is its own reward. Maybe the status that responsibility conveys is?
    - wakawaka28 2y ago
      People in general would rather have less responsibility if there is no value added by taking more. This is extra important when the person is highly qualified, because in theory they could do their own thing. So you have to pay more than that. There aren't many people for whom status alone is enough. Why should anyone take on more problems to end up with less money than if they had assumed less problems? There is another problem with not paying people. It encourages corruption. When people feel they aren't paid fairly, they will do all kinds of awful things.
bjornsing 2y ago
> This walks the fine line between explaining how class differences work, and justifying the perpetuation of them. Had the same thought. And there’s also another question to consider I think: is it really beneficial for the company to further incentivize schmoozing? In my experience this focus on politics as the determinant of career progression can be very detrimental to the organization.
bell-cot 2y ago
> ...and justifying the perpetuation of them. Did you skim the second half of the article? Maybe I'm overlooking a "/s?, but it seems to be a call to action and plan (yes, vague) for making sure that those "generational knowledge" advantages are offered to 100% of a firm's employees.

wakawaka28 2y ago

We do in fact have a meritocracy here in the US for the most part. I don't know how you can say "clearly" we don't. Except for a handful of rich goofs, everyone is generally rewarded proportional to their skills, abilities, output, and impact. You can also work hard and get ahead, which is harder in places that are deeply corrupt. I do think executive-level pay is arbitrarily high but it needs to scale up with the level of responsibility you have. CEOs are rarely the most talented people ever, but to attract actually talented CEOs you have to pay significantly more than they could make doing something else (like starting another business or working as an individual contributor).

immibis 2y ago
I see no evidence of a positive correlation between hard work and high pay. It seems to be a negative correlation.
rrr_oh_man 2y ago
> but it needs to scale up with the level of responsibility you have I hear this phrase a lot. Why do you think so?
- wakawaka28 2y ago
  I said it in that comment. But specifically, if more responsibility comes with the same or less reward than less responsibility, nobody rational will be motivated to do it. The degree of responsibility is somewhat subjective, but again you need to consider what else the qualified person might be doing that is more rewarding than working for you. I said it in another reply but I should mention it here too. Not paying people well for their level of responsibility encourages corruption.
- phildawes 2y ago
  Not op but I guess the assumption here is that people would rather have less responsibility so need to be compensated to have more? I'm not sure this is true, but don't know if responsibility is its own reward. Maybe the status that responsibility conveys is?
  - wakawaka28 2y ago
    People in general would rather have less responsibility if there is no value added by taking more. This is extra important when the person is highly qualified, because in theory they could do their own thing. So you have to pay more than that. There aren't many people for whom status alone is enough. Why should anyone take on more problems to end up with less money than if they had assumed less problems? There is another problem with not paying people. It encourages corruption. When people feel they aren't paid fairly, they will do all kinds of awful things.

bjornsing 2y ago

> This walks the fine line between explaining how class differences work, and justifying the perpetuation of them. Had the same thought. And there’s also another question to consider I think: is it really beneficial for the company to further incentivize schmoozing? In my experience this focus on politics as the determinant of career progression can be very detrimental to the organization.

bell-cot 2y ago

> ...and justifying the perpetuation of them. Did you skim the second half of the article? Maybe I'm overlooking a "/s?, but it seems to be a call to action and plan (yes, vague) for making sure that those "generational knowledge" advantages are offered to 100% of a firm's employees.