|
|
|
|
|
|
by benj111
99 days ago
|
|
|
True. The other side of 'fair' in this situation is what was the company earning. Busting a gut to make some shareholders/managers loads of money isn't exactly fair if you aren't also being rewarded. On the other hand, in the UK the NHS has traditionally paid people extra on the understanding that these things happen. But when it did happen the staff were asking for even more.
I know this probably comes across as right wing, but my point is how we reward people for black swan events. |
|
|
Exactly. But it's not a matter of “being paid more than the marginal value of the additional work” as microeconomics tend to frame those things.
Symmetrically, people routinely accept pay cut or degraded work conditions when the company isn't going well, even though it makes no sense from a game theory perspective (it's basically a prisoners' dilemma yet people cooperate most of the time).