[marcosdumay]

Value is a too ill defined concept. I would say that the manager has more leverage on the destiny of the company, thus you want a great manager more than you want great employees, and thus you have to pay them more.

Except that this is not exactly true either. Some times it is, other times it isn't. Yet the salary relations never change.

[mcny]

> Except that this is not exactly true either. Some times it is, other times it isn't. Yet the salary relations never change.

I think the meta is for "intellectual"/"mental" workers you have to pay someone enough that they focus on the task they need to work on rather than spending mental cycles on how to afford to pay for rent or food or vaccines/formula for baby.

[Helmet]

It isn't ill defined. Ideally, and I would argue in most circumstances, wages are a strong approximation of the marginal revenue product, just as neoclassic theory states they should be.