Techbro on the Clapham Omnibus: Difference between revisions

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{{a|devil|{{image|techbro on a bus|jpg|How to cheer up British commuters, yeterday.}}}}Say there are 35 reasonable people aboard a Clapham omnibus. Being key workers — nurses, police, teachers and so on — frontline and notf middle management (not a very likely contingency and Clapham these days, but let’s say) their incomes are not spectacular: fairly tightly distributed around an average of £40,000.
{{a|devil|{{image|techbro on a bus|jpg|How to cheer up British commuters, yesterday.}}}}Say there are 35 reasonable people aboard a Clapham omnibus. Being key workers — nurses, police, teachers and so on — frontline and not middle management (okay; not a very likely contingency and Clapham these days, but let’s say) their incomes are fairly tightly distributed around a mean of £40,000.


Imagine you are a management consultant tasked with increasing the average pay on that bus.  
You are a management consultant. Your task: to increasing average pay on that bus.  


Of source, It is simple: just ask a tech titan to hop on board. That will raise it average to £60 million at a stroke.   
Simple: just ask a tech titan to hop on board. You might have to pay him a couple of million as a signing bonus — and, sure, that’s twice the total amount the others get paid — but even if you do, you raise the average wage — ''their'' average wage — to £60 ''million'' at a stroke.   


This might seem preposterous, but it is precisely the approach being taken to pay equality in investment banks.
This is, of course, preposterous: the “average” is hypothetical.You don’t get paid it; no one does: it is derived, partly from your wage: if it changes, that has no effect on your Changing the average doesn’t change any particular.
{{sa}}
*[[Pareto triage]]

Latest revision as of 19:40, 18 October 2023

How to cheer up British commuters, yesterday.
In which the curmudgeonly old sod puts the world to rights.
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Say there are 35 reasonable people aboard a Clapham omnibus. Being key workers — nurses, police, teachers and so on — frontline and not middle management (okay; not a very likely contingency and Clapham these days, but let’s say) their incomes are fairly tightly distributed around a mean of £40,000.

You are a management consultant. Your task: to increasing average pay on that bus.

Simple: just ask a tech titan to hop on board. You might have to pay him a couple of million as a signing bonus — and, sure, that’s twice the total amount the others get paid — but even if you do, you raise the average wage — their average wage — to £60 million at a stroke.

This is, of course, preposterous: the “average” is hypothetical.You don’t get paid it; no one does: it is derived, partly from your wage: if it changes, that has no effect on your Changing the average doesn’t change any particular.

See also

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