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   Paul Cantrell (inthehands@hachyderm.io)'s status on Friday, 17-Nov-2023 06:44:46 JST Paul Cantrell

   • int%rmitt]nt sig^al. ...~!...)

   This little remark from @nrmacdonald is a really, really, really good point. Take half a moment to get the context and mull it over.
   https://mastodon.social/@nrmacdonald/111422360795544722

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     Paul Cantrell (inthehands@hachyderm.io)'s status on Friday, 17-Nov-2023 06:48:30 JST Paul Cantrell

     in reply to

     • Noah Gibbs

     @codefolio
     I assume it’s taking the numbers from the screenshot at face value — although when I do the math myself, I get -89% CEO productivity growth, so…??

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     Noah Gibbs (codefolio@ruby.social)'s status on Friday, 17-Nov-2023 06:48:31 JST Noah Gibbs

     in reply to

     • int%rmitt]nt sig^al. ...~!...)

     @inthehands @nrmacdonald

     It's a great conceptual point, though I have very little understanding of how you'd usefully measure it.

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     Paul Cantrell (inthehands@hachyderm.io)'s status on Friday, 17-Nov-2023 06:50:16 JST Paul Cantrell

     in reply to

     • int%rmitt]nt sig^al. ...~!...)
     • Noah Gibbs

     @codefolio

     ceo_pay = (1,460 + 100) / 100 = 15.6 pay growth factor vs baseline

     productivity = 1.646 pay growth factor vs baseline

     (1 − productivity / ceo_pay) × 100 = 89.45, i.e. -89% growth

     @nrmacdonald, am I missing something?

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     Paul Cantrell (inthehands@hachyderm.io)'s status on Friday, 17-Nov-2023 06:53:55 JST Paul Cantrell

     in reply to

     Properly quantifying this is of course murky far beyond my skills (and I’m not quite sure the math is correct: https://hachyderm.io/@inthehands/111422433783809200), but…

     All that is missing the basic point: if we pay CEOs because they help companies succeed, then shouldn’t we expect a closer relationship between CEO pay growth and worker productivity growth? The way those two numbers diverge suggests instead this is a case of “those who control the money make off with the money.”