As long as pigs fly

Big rise for the boss? That’s fine by me – Times Online

The findings, to be presented by Andrew Clark at this week’s Royal Economic Society conference at Warwick University, show that high pay among managers does not cause resentment because workers aspire to being paid such salaries themselves. “From the exterior, managerial wages may seem to be way too high,” the paper says. “But from within the firm, the picture may be far rosier. Others’ good fortune today may be my own good fortune tomorrow.” Even lower down the income scale, the research shows people are happy as long as they believe their own pay is not stuck.

And just how where shall we find those folks who believe their pay is not stuck? Certainly not in the lower ranks on this side of the pond…


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: