Thursday, November 14, 2019
Lerner markets for equal work equal pay reducing wage dispersion by job category
How could a meta market for wage setting markets be built
To gradually squeeze out wage dispersion
While raise wage rates over time for each job type
Goal
a system that over time tended
To uniformly
Equalize ....
system wide wage rates....
for
Identical task bundles
.............
.....
.
A set of tasks may vary in proportions
And task unit based rates look daunting
The point would be to charge a fee for non equal rates for equal work
Transparency is done qua non
Of course
But an equal pay board would set
The categories and monitor compliance
Imagine a warrant not to comply
Would have a cost to employers
Of course paying above norms
would be rewarded
Each off setting the other in total
Hence the warrant exchange
Much like exports dictating the size of imports