Re:Study shows salaries of young women 8% higher than men in...
by oblio on Tuesday April 03, 2018 @12:06PM
(#16746054)
Salary growth for the past 30 years has been slower than productivity growth.
So I'd see your point as already happening, companies have already capped salaries, except for executives, who basically set their own salaries.
Re:Study shows salaries of young women 8% higher than men in...
by briandear on Tuesday April 03, 2018 @02:16PM
(#16747507)
However consumer prices have gone down over the same period. A refrigerator today costs much less in terms of labor hours than it did 30 years ago. So productivity growth has led to a rise in living standards.
Re:Study shows salaries of young women 8% higher than men in...
by knightofmars on Tuesday April 03, 2018 @03:20PM
(#16748156)
> So productivity growth has led to a rise in living standards.
I love seeing this statement. It's true but the people who post it never follow up evaluating whether or not productivity growth has far out-paced the rise in living standards. If productivity growth has been exponential while the rise in living standards has been linear that's a sign that there's a problem regardless of whether or not living standards have risen.
It actually extends to the whole market, too - if all salaries are transparent, then an RN makes x. They can't make more than that, anywhere they go. It gives a floor, sure - if they get hired, they'll get paid the same as everyone else; it just also makes a ceiling, and, I believe, may slow income growth in general.