You′re Paid What You′re Worth – And Other Myths of the Modern Economy And Other Myths of the Modern Economy

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  • Engels
  • Hardcover
  • 9780674916593
  • 16 februari 2021
  • 384 pagina's
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Samenvatting

Setting wages isn’t an exact science, but we like to think that our workplace performance provides an objective basis for pay. You’re Paid What You’re Worth offers a bold theory to the contrary, arguing that pay is decided in contests over interests and ideals—that social conflicts, not economic metrics, determine who gets how much.



A myth-busting book challenges the idea that we’re paid according to objective criteria and places power and social conflict at the heart of economic analysis.

Your pay depends on your productivity and occupation. If you earn roughly the same as others in your job, with the precise level determined by your performance, then you’re paid market value. And who can question something as objective and impersonal as the market? That, at least, is how many of us tend to think. But according to Jake Rosenfeld, we need to think again.

Job performance and occupational characteristics do play a role in determining pay, but judgments of productivity and value are also highly subjective. What makes a lawyer more valuable than a teacher? How do you measure the output of a police officer, a professor, or a reporter? Why, in the past few decades, did CEOs suddenly become hundreds of times more valuable than their employees? The answers lie not in objective criteria but in battles over interests and ideals. In this contest four dynamics are paramount: power, inertia, mimicry, and demands for equity. Power struggles legitimize pay for particular jobs, and organizational inertia makes that pay seem natural. Mimicry encourages employers to do what peers are doing. And workers are on the lookout for practices that seem unfair. Rosenfeld shows us how these dynamics play out in real-world settings, drawing on cutting-edge economics, original survey data, and a journalistic eye for compelling stories and revealing details.

At a time when unions and bargaining power are declining and inequality is rising, You’re Paid What You’re Worth is a crucial resource for understanding that most basic of social questions: Who gets what and why?

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Taal
en
Bindwijze
Hardcover
Oorspronkelijke releasedatum
16 februari 2021
Aantal pagina's
384
Illustraties
Nee

Betrokkenen

Hoofdauteur
Jake Rosenfeld
Hoofduitgeverij
Harvard University Press

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Extra groot lettertype
Nee
Product breedte
140 mm
Product lengte
210 mm
Studieboek
Ja
Verpakking breedte
140 mm
Verpakking hoogte
210 mm
Verpakking lengte
210 mm
Verpakkingsgewicht
0 kg

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9780674916593
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