[Newsbot]

Title: Government 'Sunshine List' will drive wages up, productivity down says university prof
Category: Economics
Posted By: shockedcanadian
Date: 2016-06-14 15:43:07
Canadian

[shockedcanadian]

Sounds like a guy whos on the Sunshine List...

[BeaverFever]

It's true even for the private sector. Starting in 90s shareholder rights movements started requiring companies to disclose the salaries of their top executives and all that happened is that executive comp went through the roof. Suddenly everyone could see what their peers were earning at the company but more importantly they could see what peers at other companies were making and everyone wanted whatever the people earning more than them were getting. The reason it never levels off is because some companies have a deliberate policy of being the best-paying employer, so they have to give their executives a raise to make sure they're paying significantly more than anyone else. On it goes like an inchworm, the ass is always trying to catch up to the head and as soon as it does the head tries to move away from the ass.

[shockedcanadian]

BeaverFever BeaverFever:

It's true even for the private sector. Starting in 90s shareholder rights movements started requiring companies to disclose the salaries of their top executives and all that happened is that executive comp went through the roof. Suddenly everyone could see what their peers were earning at the company but more importantly they could see what peers at other companies were making and everyone wanted whatever the people earning more than them were getting. The reason it never levels off is because some companies have a deliberate policy of being the best-paying employer, so they have to give their executives a raise to make sure they're paying significantly more than anyone else. On it goes like an inchworm, the ass is always trying to catch up to the head and as soon as it does the head tries to move away from the ass.

Government shouldn't be looking to be the best paid employer.

[BeaverFever]

The government would be the ass trying to catch the up to the private sector head, at least for senior executives. The government can't afford to hire new senior leaders every six months any more than the private sector business can.

As for entry level jobs, I don't mind government being the best employer, it raises the bar for everyone else.