I meant nominal but I see why that was confusing. The real cost of the nominal wage increases, so the same nominal wage is more expensive in real terms. This is why I leave talking about money stuff to te pros. ;)
attractive from an economist's point of view
It's also attractive to more established workers in a firm, because they can have more impact on profitability and have already achieved a level of financial security.
The reason it might take hold with new hires is just that they often have to take what they can get and AI might create an environment where lots of low-skill people are in the same pool for relatively few jobs.
I don't think that's boring at all
It's exactly what we'd expect from homo economicus and requires no convoluted compensation structures.
I meant nominal but I see why that was confusing. The real cost of the nominal wage increases, so the same nominal wage is more expensive in real terms. This is why I leave talking about money stuff to te pros. ;)
It's also attractive to more established workers in a firm, because they can have more impact on profitability and have already achieved a level of financial security.
The reason it might take hold with new hires is just that they often have to take what they can get and AI might create an environment where lots of low-skill people are in the same pool for relatively few jobs.
It's exactly what we'd expect from homo economicus and requires no convoluted compensation structures.