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1. ≠ (amerika@annihilation.social)'s status on Monday, 08-Apr-2024 08:37:05 JST ≠

   in reply to

   • william.maggos
   • Jeff C
   @wjmaggos @JeffC1956
   
   Through the power of the administrative state. The more laws, the more loopholes... and the more jobs created. The more subsidies, the same. It's counter-intuitive.
   • † top dog :pedomustdie: likes this.
   • william.maggos (wjmaggos@liberal.city)'s status on Monday, 08-Apr-2024 08:37:06 JST william.maggos

     in reply to

     • Jeff C

     @amerika @JeffC1956

     this should be transparently bad market policy. how does it persist?

   • ≠ (amerika@annihilation.social)'s status on Monday, 08-Apr-2024 08:37:07 JST ≠

     in reply to

     • william.maggos
     • Jeff C
     @wjmaggos @JeffC1956
     
     This is how the rich and powerful get rich and powerful: once they get into government, they can do favors for industry, and then take positions on various boards and rake in the dough.
   • william.maggos (wjmaggos@liberal.city)'s status on Monday, 08-Apr-2024 08:37:08 JST william.maggos

     in reply to

     • Jeff C

     @JeffC1956

     I've heard that basically these people are all friends. They sit on multiple boards and go in and out of CEO positions. That there's basically no pressure to save money on this part of the business. Any of that true?

   • Jeff C (jeffc1956@mastodon.social)'s status on Monday, 08-Apr-2024 08:37:09 JST Jeff C

     in reply to

     • william.maggos

     @wjmaggos they don't have conversations. They hire an executive HR consultant to recommend the pay, and then they rubber stamp it. My daughter used to be one such consultant.

   • william.maggos (wjmaggos@liberal.city)'s status on Monday, 08-Apr-2024 08:37:10 JST william.maggos

     What do corporate board conversations about executive pay sound like? Do they really think that at the top they have to pay more to make the business run better, but that paying less makes perfect sense for all lower level employees? Or then what's with the lack of competition for the CEO jobs? #economics