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You're Paid What You're Worth

You're Paid What You're Worth

And Other Myths of the Modern Economy

by Jake Rosenfeld
Paperback
Publication Date: 20/06/2024

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Job performance and where you work play a role in determining pay, but judgments of productivity and value are 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. Four dynamics are paramount: power, inertia, mimicry, ad demands for equity. Power struggles legitimize pay for particular jobs, and organizational inertia makes that pay seem natural. Mimicry encourages employers to do what their peers are doing. And workers are on the lookout for practices that seem unfair. Jake Rosenfeld snows us how these dynamics play out in real-world settings, drawing on cutting-edge economics and original survey data, with an eye for compelling stories and revealing details. You're Paid What You're Worth gets to the heart of that most basic of social questions: who gets what and why?
ISBN:
9780674295483
9780674295483
Category:
Economic systems & structures
Format:
Paperback
Publication Date:
20-06-2024
Language:
English
Publisher:
Harvard University Press
Country of origin:
United States
Dimensions (mm):
20x13x2.5mm
Weight:
0.37kg

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