New Report/Dataset: Just 10% of Workers Receive Nearly Half of Global Pay
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ilo.org
I live where they all live in Geneva. Their kids go in the top private schools, they fly business, their wifes drive luxury suvs, they do not pay taxes... But most of them employ illegal nannies and cleaning ladies, etc.
So preaching what they never do at home makes them not really liked by locals.
BTW, did you know that interns were working for free? (It is a taboo). https://www.swissinfo.ch/eng/unpaid-labour_geneva-interns-ta...
If someone feels like they do 99.999% of the work in an office of 50 people, they're probably just self-centered and lack any awareness of what the other 49 people are doing.
I'm also talking about top end developers building the systems critical to the business, sales people with the valuable roladexes, the designer crafting the company's brand...
I don't know why athletes even sell. Here in Europe, there are barely any college teams, they are unknown and not considered to be any decisive factors in choosing the college/university. So, our athletes are not particularly well paid. Cultural differences.
Probably.
My objection boils down to pay being an approximation of value and rarity. Picking fruit is extremely valuable but the pay is shit because workers are plentiful. Looking at employees as a product, pay is the price, value provided is essentially demand, and the relationship between the two depends heavily on supply.
"The reason these people are highly paid is because they deliver value." "But what is value?" "Why it's what people get paid of course!"
In reality, pay isn't at all a proxy for anything humans actually value.
If it was, nurses and teachers would be extremely highly paid, while advertising executives and sharepoint consultants would be paid less than zero.
but i think you also need to talk about "value for who?" Who gains?. Who loses?
e.g. advertising executives can deliver a large amount of value to the owners of companies by helping those companies generate demand and increase sales. But perhaps at the same time they create or destroy value for the people on the receiving end of the advertising (in the best case, discovering a product or service that genuinely helps them, in the worst case, tricking them into consuming a product or service that is harmful). There is probably also value destruction, spread in small amounts over large populations and large timescales, in terms of the opportunity cost of committing resources to producing whatever product or service was sold, instead of doing something else with those resources that would benefit a larger group of people, or a future group of people who don't exist yet.
e.g. "i helped my mate Frank deliver a large amount of value by driving the getaway car after Frank robbed the bank". Frank has a business that generates value for himself. I helped Frank deliver that value from the bank to himself. Frank gives me a cut of the value. It is possible that we also may generate value for various other stakeholders by improving the velocity of currency throughout the local economy.
Nurses do quite well in the US. Its actually one of the best (education / ($ * time)) investments you can make.
In the UK, they do terribly. In the usa teachers don't do so well either. Some would argue that the government involvement prevents their true value from being discovered. (Could you imagine trying to get your CS skills valued by society? I see tons of complaints about _management_ not valuing their workers properly(despite the comparatively high salaries for CS jobs). Do you think the government's/voters' assessment would be higher or lower?).
>advertising executives and sharepoint consultants would be paid less than zero.
Well, unless the people who hire them are total idiots in reality, perhaps the world is a bit more complicated than that and you may be missing part of the picture? Some things may be dumb/inelegant, and the engineer mindset takes over and make you angry at _such imperfection_ and how you could do it better! But at the end of the way it works well enough.
Sure it is: pay is a proxy for how valuable a tool you are in your own boss's game of office politics.
Executives and consultants are both incredibly powerful fiefdom-building tools within a company.
Nurses and teachers, given their principles (and the horizontally-bureaucratic "slave of many masters" nature of medicine and education), are nearly the opposite.
Same with mating - a small percentage of say 10% of men mate with half the women or so. Throughout history you have twice as many female ancestors as Male ancestors. Success accumulates at the top.
The US has well over 1% of the global workforce, so it's mathematically impossible for the lowest paid US worker to be in the top 1% of wages and the least wealthy full time US worker to be in the top 1% of wealth.