Episode 154 - Paying Everyone The Same

Michael and Ivanka's Grand Podcast

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3y ago 45:55

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We discuss a BBC News article that dismisses on company's attempt paying people the same as an inevitable failure and try to keep the subject open for discussion. Some thoughts arising:

We could pay according to hours-worked and acknowledge that those with the most responsibility are essentially at work 24 hours a day
There is plenty of scope for financial incentives in any scheme, but these need to acknowledge that any success is a group effort
It's not just about equal salaries; a model including equal distribution of equity would attract people with traditionally better-paid skills
Pay has to reflect the area where somebody lives and should really be above the £55k "happiness" threshold (beyond which more money doesn't make you any happier)
Wealth inequality is one of the biggest problems in the world right now so we should find a way to make something like this work, not just chalk it up as impossible after one company fails at it.

---- Stuff we made ----

Try Donegood https://donegood.app

Get Michael’s Apps https://goodtohear.co.uk

Restaurants Brighton: https://restaurantsbrighton.co.uk

---- This Week's Links ----

[1] ‘We tried paying everyone the same salary. It failed' - https://www.bbc.co.uk/news/business-55800730

[2] Michael’s Good Habits app - https://goodtohear.co.uk/habits

[3] Michael’s Changes app is now Free to download - https://goodtohear.co.uk/blog/post/Changes_App_Is_Now_Free

[4] Athletico Mince - Another Destroy and Exit - https://www.youtube.com/watch?v=Cu0c3-sjAxc

[5] Socialism for the Rich, Harsh Capitalism for the Rest - https://www.youtube.com/watch?v=pmdivrgllf4

[6] Rolling Jubilee - A bailout of the people by the people - https://rollingjubilee.org/

[7] Kate Raworth Intrinsic Motivation - https://amzn.to/2TQLIqb

[8] SUMA Coop - https://www.suma.coop/

---- Credits ----

Talking is by Ivanka Majic and Michael Forrest

Music and editing by http://michaelforrestmusic.com

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