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> Banning tips in the hospitality sector would be a bit like banning stock options or similar equity incentives in the tech sector Not the tech sector or start
by graemep 2y ago
> Banning tips in the hospitality sector would be a bit like banning stock options or similar equity incentives in the tech sector
Not the tech sector or startups in particular, but I think that the incentive culture in general (e.g. stock options for management, bonuses in banking) has been very harmful and it would be great to get rid of it. It encourages short termism, and manipulating the numbers. Goodhart's/Campbell's law (not sure which is more accurate here).
I could ban it, I would.
- trashtester 2y agoCompensation models have pros and cons. I would argue that in countries where is is common (legally, not as corruption) tend to do better than those who don't. But it also leads to moral hazards. > I could ban it, I would. But THIS I really have a problem with. Outright banning practices you don't like is something I would see as an authoritarian streak. Kind of like how authoritarian religious people want to ban gay sex or authoritarian capitalists want to ban labor unions.