Paying above market wages doesn't make magic flow to the employee. First, if the market wage is 30K and you pay 50K, that's handing 20K of surplus to the perso

Paying above market wages doesn't make magic flow to the employee. First, if the market wage is 30K and you pay 50K, that's handing 20K of surplus to the person who assigns jobs. Find that person, kickback 10K to him, get the job. (But we could always fix this with yet-another layer of administration, right?) Second, if someone is paid over market and loses their job, they will be unprepared for the job market.