Emeritus Prof Christopher May's Post

@bobthomson70

Its one of the great conundrums of economics... and revelatory of the skewed notions of incentivisation.

You can (sort of) square the circle, if you want by taking the line that only work should pay, and so the wealthy execs need more money to incentivise them, while the poor need to have their benefits taken way to ensure they work to stay alive (the ultimate incentivisation); but that leaves the vexing question of relative rates of pay.

but as an approach its morally bankrupt