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Your proposal implies that the CEO of a company like Google or Goldman (most employees are high skill) should be paid a lot more than the CEO of Walmart or Amaz
by yummyfajitas 11y ago
Your proposal implies that the CEO of a company like Google or Goldman (most employees are high skill) should be paid a lot more than the CEO of Walmart or Amazon (most employees being low skill).
I don't see any obvious reason why this should be the case or would be remotely beneficial - it's not as if Walmart or Amazon deserve a lower quality CEO than Goldman.
Further, this would create huge disincentives for companies to take on new lines of business which involve low skill labor and would create incentives for managers to eliminate low skill labor. I.e., Steve Jobs and other execs would have the personal incentive to NOT open up apple stores, even though opening up such stores would be beneficial for both shareholders and those who would otherwise be employed by such stores.