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by armada651
1287 days ago
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Ultimately this is simply where ape brains and business economics collide. It reminds me of the experiment with two monkeys where one gets a cucumber and the other a grape. As he said in his writing he simply assumed that whoever he is dealing with would give him what is fair. So he accepted the $20K and he was probably perfectly happy with his cucumber. Then later after a bunch of extra money is funneled into the company he sees a bunch of other people getting grapes for what he perceives as a similar effort to his own. Now the deal stops being fair in our monkey brains and we are hard-wired to demand equivalent payment. However business economics has an entirely different concept of what is fair. It assumes everything is fair as long as promises are kept and deals are honored. There is no concept in business of renegotiating compensation of old contracts if someone else gets more compensation for a similar effort. This is why collective bargaining by unions is the only way for everyone to get equal pay for equal work. |
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